birla corp to buy two lafarge india cement units

Birla Corp To Buy Two Lafarge India Cement Units

Birla Corp to buy two Lafarge India cement units

Birla Corp. will acquire Lafarge’s Sonadih Cement, a grinding unit in Jojobera, Jharkhand, along with its brands Concreto and PSC. It will also acquire the Sonadih unit in Chhattisgarh. The two units being sold by Lafarge are among the most profitable cement plants in India,...

Birla Corp to buy two Lafarge India cement units

Birla Corp. will acquire Lafarge’s Sonadih Cement, a grinding unit in Jojobera, Jharkhand, along with its brands Concreto and PSC. It will also acquire the Sonadih unit in Chhattisgarh. The two units being sold by Lafarge are among the most profitable cement plants in India, generating about Rs.700 crore in pre-tax profits a year even in the current depressed market.

Birla Corp to buy two cement units of Lafarge in India ...

Aug 17, 2015 · MP Birla group firm Birla Corp will buy two cement plants of LafargeHolcim located in the eastern region of the country at an enterprise value of Rs 5,000 crore ($769.4 million), it said on Monday. It did not give a break-up of the equity component and the debt on the books of the two units.

Birla Corp to buy Lafarge’s cement units for ₹5,000 cr

Aug 17, 2015 · Birla Corporation on Monday said it has agreed to buy two cement making units of Lafarge India Private Ltd — with a combined capacity of around 5.15 million tonnes — along with two cement brands...

Birla Corp buys Lafarge’s two units - Times of India

Aug 18, 2015 · KOLKATA/MUMBAI: Harsh Lodha-led Birla Corporation has agreed to acquire Lafarge India’s two cement units in the eastern region in a deal valued at Rs 5,000 crore. It will mark the biggest M&A play in the Kolkata-based company’s nearly century-old history and make it a stronger rival to Kumar Mangalam Birla’s...

Reversal Of Trend – Birla Corp To Buy Two Units Of Lafarge ...

For Lafarge the sale of Jojobera and Sonadih units might be forced sale due to its combination with Holcim to create a world largest cement company alliance of $44 billion but for the Birla Corporation Limited it is an acquisition transaction with Lafarge India Private Limited (Lafarge India), whereby Birla Corp, either directly or through its wholly owned subsidiary, will acquire both the Jojobera and Sonadih cement businesses …

Birla Corps deal with Lafarge India unit falls through ...

Birla Corp said in August it had entered into an agreement with Lafarge India Private Ltd to buy the two cement businesses in eastern India for an enterprise value (equity plus debt) of 50 billion...

Birla Corp to buy Lafarge units - The Telegraph

Birla Corp to buy Lafarge units Birla Corporation - the flagship of the MP Birla group - today struck a deal under which it will snap up two cement plants of Lafarge India at an enterprise value of Rs 5,000 crore. By Our Bureau in Calcutta Published 18.08.15

Birla Corp to buy Lafarges India cement units for Rs ...

Aug 17, 2015 · Birla Corp to buy Lafarges India cement units for Rs 5,000 cr Birla said it will acquire the cement business, comprising an integrated cement unit at Sonadih (Chhattisgarh), a cement grinding unit at Jojobera (Jharkhand), along with Concreto and PSC brands.

Birla Corp to acquire two cement units of Lafarge India ...

Birla Corporation on Monday said it will acquire two cement units from Lafarge India having a capacity of 5.15 million tonnes per annum for Rs 5,000 crore.

Newars move High Court against Lafarge-Birla Corp deal ...

The Birla faction led by MP Birla’s sister Laxmi Devi Newar’s scions have filed a petition in Calcutta High Court seeking injunction in Birla Corporation’s plan to buy Lafarge India’s cement units at Jojobera in Jharkhand and Sonadih in Chhattisgarh.

Birla Corporation to move court against Lafarge-Holcim ...

Kolkata-based Birla Corporation’s Rs 5,000-crore deal with Lafarge India to buy two cement units has gone sour, with the former planning to seek a legal solution. In a regulatory filing with the BSE, the company said it “is in the process of taking appropriate legal measures in consultation with lawyers.”

Senior Management Team - Birla Corporation

Mr. G R Verma President Birla Jute Mills. Mr. G R Verma, Chartered Accountant, with more than a decades experience in the jute industry, has professional experience of more than 19 years in diverse industrial fields. He was with Naihati Jute Mills Co Ltd earlier.

Birla Corp Buys Lafarge India Cement Units for $766 ...

Aug 17, 2015 · Birla Corp. agreed to buy two cements units from Lafarge SA’s Indian arm for a total enterprise value of 50 billion rupees ($766 million). Shares …

birla corp to buy two lafarge America cement units

Birla Corp to buy two Lafarge India cement units - Livemint Aug 18, 2015 , In its directions, CCI said Lafarge should sell its assets to relatively smaller , Birla Corp will acquire Lafarges Sonadih Cement, a grinding unit in Jojobera, Jharkhand, , by Lafarge are among the most profitable cement plants in ,

Birla Corp Surges 20% on Acquisition of Lafarge Units

Aug 17, 2015 · Birla Corp shares surged nearly 20 per cent to Rs 543 on Monday after it announced the acquisition of two cement units from Lafarge India for an enterprise value of Rs 5,000 crore. Birla Corp will acquire both Jojobera (Jharkhand) and Sonadih (Chhattisgarh) units of Lafarge India that have a combined capacity of 5.15 million tonnes per annum.

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