UltraTech to acquire 23% stake in India Cements for ₹1,885 cr; stocks hit their 52-week highs
UltraTech to buy up to 7.06 crore equity shares of India Cements at ₹267 per share, amounting to ₹1,885 crore.
UltraTech to buy up to 7.06 crore equity shares of India Cements at ₹267 per share, amounting to ₹1,885 crore.
The aluminium recycler is looking to raise up to $945 million by offering 45 million shares at a price range of $18 and $21 each.
Aditya Birla Capital aims to add 30 million new users over the next three years.
The board of Vi has approved an issuance of up to 139.5 crore equity shares at an issue price of ₹14.87 per equity share to Oriana Investments, an entity under the Aditya Birla Group.
UltraTech Cement says it will invest ₹32,400 crore towards ongoing capex over the next three years.
Madura Fashion business, consisting of brands such as Louis Phillippe, Van Heusen, Allen Solly & Peter England, Reebok, and others will be demerged into a separate listed entity.
The paint company targets ₹10,000 crore revenue in 3 years.
Novelis expects to complete the public offering after the SEC completes its review process.
Novelis reported YoY improvement in net income and adjusted EBITDA in Q3 FY24, driven by higher pricing and lower operating costs.
The Aditya Birla Group company plans to invest ₹800 crore to build a new plant near Sambalpur in Odisha.