UltraTech

UltraTech Cement set to acquire Kesoram's cement business in a Rs 5,379-crore deal

01 Dec 2023

UltraTech Cement Ltd. announced on Thursday, 30 November 2023, its plans to acquire the cement business of Kesoram Industries Ltd. in a significant all-stock transaction valued at Rs 5,379 crore.

Ultratech Cement to invest Rs12,886 cr to expand capacity by 22.6 million tonnes

14 Jun 2022

SC dismisses Dalmia Bharat appeal on NCLAT’s UltraTech order

19 Nov 2018

NCLAT approves UltraTech’s revised Rs7,900-cr bid for Binani Cement

15 Nov 2018

Binani Cement lenders vote in favour of UltraTech offer

29 May 2018

UltraTech’s acquisition of Binani Cement will be subject to the Supreme Court’s ruling against the 15 May order of the National Company Law Appellate Tribunal that allowed lenders to consider UltraTech’s revised offer

Century Textiles to hive off cement business, sell it to UltraTech

21 May 2018

Aditya Birla Group firm UltraTech will acquire the cement business of BK Birla Group company Century Textiles and Industries through a share swap deal in which shareholders of Century Textiles will get one equity share of UltraTech for every eight equity shares held

Appellate tribunal refuses to stay NCLT order in Binani Cement case

05 May 2018

NCLT orders Binani lenders to consider UltraTech offer

03 May 2018

The tribunal pointed out that while the UltraTech offer was not legally binding, nothing prevented the CoC from accepting a superior bid from UltraTech, which offered Rs1,022 crore more to the lenders

UltraTech raises offer for Binani Cement to Rs7,990 cr

16 Apr 2018

Since lenders cannot accept the revised offer of Rs7,990 crore, although it is Rs1,290 crore more than Dalmia Bharat’s approved bid, operational creditors of Binani Cement are now seeking a forensic audit of the resolution process and a change of resolution professionals

SC rejects out-of-court settlement of Binani Cement bankruptcy case

13 Apr 2018

Dalmia moves CVC for Binani Cement as lenders back Ultratech

10 Apr 2018

UltraTech hopes to acquire Binani Cement with backing from lenders

09 Apr 2018

Ultratech’s chances of winning Binani Cement, however, depend on the Supreme Court’s decision on the legality of awarding the bankrupt business to another bidder after the Dalmia Bharat-Bain Piramal consortium was declared winner

UltraTech gets CCI nod for Binani Cement bid

29 Mar 2018

UltraTech makes fresh Rs7,266 offer; Binani appears to favour it

20 Mar 2018

UltraTech to challenge Binani sale to Dalmia-led consortium

19 Mar 2018

UltraTech Cement said the bankruptcy resolution process at Binani Cement was ‘shrouded in secrecy’ with bidders not allowed to participate in meetings, and ‘the Aditya Birla Group will not take this lying down'

UltraTech sweetens Binani bid, alleges undue preference for Dalmia-Bain

15 Mar 2018

UltraTech to set up 3.5 mtpa cement plant in Rajasthan

09 Dec 2017

Ultratech Cement’s Q4 net down 28% despite rise in sales and revenue

25 Apr 2017

Ultratech Q3 net rises over 5% to Rs594.61 cr despite a dip in sales

21 Jan 2017

UltraTech ups offer price for Jaypee’s 21.2 mtpa cement units to Rs16,189 crore

05 Jul 2016

Ultratech buys part of Jaypee Group’s cement business for Rs15,900 crore

01 Apr 2016

UltraTech calls off bid for Jaypee cement assets

27 Feb 2016

This is the second deal in recent times in the cement sector to be called off due to regulatory hurdles, after Birla Corporation terminated its $750-million offer to acquire two cement assets of LafargeHolcim after being denied limestone-mining rights

UltraTech to expand capacity to 71.2 million tonnes by March 2016: KM Birla

28 Aug 2015

UltraTech reports lower Q4 profit of Rs657 cr; to pay 90% dividend

25 Apr 2015

UltraTech Q3 net marginally down at Rs364 cr despite 15% rise in PBT, sales

23 Jan 2015