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Funds to part-finance Rs 129.15 billion acquisition of 74.76 per cent stake.
Acquisition marks Vedanta’s expansion into cement, real estate, and infra
Facility strengthens company’s presence in eastern India, total capacity rises to 21.6 MTPA
Vedanta to acquire debt-laden Jaiprakash Associates under IBC.
Vadraj also boasts a clinker capacity of 3.5 million tonne in Kutch
Ambuja Cements purchases Orient Cement for ?8,100 crore.
HeidelbergCement India stake acquisition attracts bidders.
GQG Partners has increased its stake in Ambuja Cement by 1.8%, investing ?27.50 billion in the latest acquisition.
Also, the promoters have paid off a $500 million financing
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...
