RK Damani sells 6.91 cr shares of India Cements to UltraTech for ₹1,914 cr; stock falls 3%
Radhakishan Damani, the founder of DMart chain of hypermarkets, sold around 24% stake in India Cements to Ultratech Cement via block deals yesterday.
cement industry
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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.
Ambuja Cement shares jump 4% on deal to acquire Penna Cement
Ambuja will acquire 100% stake in Penna Cement from its promoter group, Reddy and family, at an enterprise value of ₹10,422 crore.
Ambuja Cements Q4 profit up 64% to ₹1,055 cr
The sales volume of Ambuja Cements improved by 17% to 16.6 million tonnes (MnT) during the quarter under review, as against 14.1 MnT in the March quarter of FY23.
UltraTech Cement Q4 profit surges 35% to ₹2,258 cr; stock up 3%
For the full year, the consolidated net profit after tax stood at ₹7,005 crore, up 38%, as against ₹5,064 crore in FY23.
ACC shares crack over 2% despite robust Q4; here’s why
The Adani Group company posted 300% YoY growth in consolidated net profit at ₹945 crore in Q4 FY24, while revenue was up 13% ₹5,409 crore.
Ambuja Cements to acquire 1.5 MTPA grinding plant in Tamil Nadu for ₹414 cr
The acquisition of My Home Group's cement unit in Tuticorin will take Adani Group’s total cement capacity to 78.9 MTPA.
UltraTech to commission 2 new units to surpass 150 mtpa capacity
UltraTech Cement says it will invest ₹32,400 crore towards ongoing capex over the next three years.
UltraTech shares hit all-time high on acquisition of Kesoram’s cement biz for ₹7,600 cr
This is the second deal in two days after the Aditya Birla Group company acquired 0.54 mtpa cement grinding assets of Burnpur Cement for ₹169.79 crore on November 29.
UltraTech’s board approves ₹13,000 cr capex for capacity expansion; stock rises 2%
The Aditya Birla Group company proposes to increase its cement capacity by another 21.9 MTPA with a mix of brown field and green field projects.
