UltraTech buys India Cement’s grinding unit, ups production capacity by 3 million tonnes

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

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

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