UltraTech
UltraTech buys India Cement’s grinding unit, ups production capacity by 3 million tonnes
22 Apr 2024
Aditya Birla group company UltraTech Cement is acquiring a 1.1 million tonne grinding unit from India Cements for Rs315 crore. The acquisition of the grinding unit will add 3 million tonnes cement manufacturing capacity to UltraTech in Maharashtra - including 1.2 million tonnes at Parli and 1.8 million tonnes at Dhule.
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.
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
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
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 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 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
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