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Adani-Holcim throws open offers for Ambuja, ACC of Rs 30k cr

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Adani to become second-largest cement producer post-acquisition

The open offers for Ambuja Cements and ACC Cement shareholders will begin on 6 July and close on 19 July.

With an investment of Rs 31,139 crore, these two open offers might constitute the biggest ever open offer in India.

The open offer was made by a Mauritius based company owned by the Adani Group after acquiring a 63% stake in Ambuja Cement and 4.5% in ACC Cement from Holcim for $6.5 billion. Ambuja Cement owns a 50% stake in ACC.

The entire acquisition will cost the Adani around Rs 81,000 crore.Adani’s open offers would pip Unilever’s open offer in 2013. Unilever had announced a Rs 29,220 crore open offer to acquire 487 million shares of Hindustan Unilever, to increase its stake by about 22%.Endeavour Trade and Investment will buy up to 516 million shares, with 26% of the share capital of Ambuja Cement, at Rs 385 per share, totalling Rs 19,879 crore.

Adani had offered to buy a 26% stake of ACC at Rs 2,300 per share for Rs 11,259 crore.The transactions will be subject to getting approvals from various regulators, including the Securities and Exchange Board of India (SEBI) and the Competition Commission of India (CCI).Adani has opened an escrow account with Barclays Bank in Mumbai and made a cash deposit to fund both offers.

Currently, Ambuja and ACC have a combined installed production capacity of 70 million tonnes per annum (mtpa), including 23 cement plants, 14 grinding stations, 80 ready-mix concrete plants, and over 50,000 channel partners pan India.

After the acquisition, Adani will become the second-biggest cement maker in India after Ultratech Cement.

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Also read:ACC-Ambuja: Know about the cement industry’s most anticipated bidding

Concrete

Star Cement launches ‘Star Smart Building Solutions’

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Star Cement has launched ‘Star Smart Building Solutions,’ a new initiative aimed at promoting sustainable construction practices, as per a recent news report. This venture introduces a range of eco-friendly products, including tile adhesives, tile cleaners and grouts, designed to enhance durability and reduce environmental impact. The company plans to expand this portfolio with additional value-added products in the near future. By focusing on sustainable materials and innovative building solutions, Star Cement aims to contribute to environmentally responsible construction and meet the evolving needs of modern infrastructure development.

Image source:https://www.starcement.co.in/

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Concrete

Nuvoco Vistas reports record quarterly EBITDA

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Nuvoco Vistas reported its highest-ever quarterly consolidated EBITDA of Rs.556 crore in Q4 FY25, with annual EBITDA at Rs.1,391 crore. Cement sales reached 19.4 MMT in FY25, with Q4 contributing 5.7 MMT. Revenue rose 4 per cent YoY to Rs.3,042 crore in Q4. Net debt reduced by Rs.390 crore to Rs.3,640 crore. The company received NCLT approval for acquiring Vadraj Cement, targeting 31 MMTPA capacity by FY27. Key marketing initiatives, expanding RMX and MBM businesses, and a focus on sustainability (457 kg CO2/tonne) drove performance. Nuvoco remains focused on premiumisation, operational efficiency, and market expansion.

Image source:nuvoco.com

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Concrete

UltraTech Cement increases capacity by 1.4Mt/yr

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UltraTech Cement has expanded its production capacity by 1.4 million tonnes per annum (Mt/yr) through a combination of debottlenecking efforts and operational efficiency upgrades across several of its plants. The enhancements include an addition of 0.6Mt/yr in grinding capacity at the Nagpur facility in Maharashtra and a combined 0.8Mt/yr at the Panipat and Jhajjar units in Haryana. With these upgrades, the company’s total domestic grey cement capacity has risen to 184.8Mt/yr, while its global capacity now stands at 190.2Mt/yr.

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