Ultra Tech to acquire Century Textiles' cement business
Besides, the company is also into race to acquire debt-ridden Binani Cement and has put its revised offer competing with Dalmia Bharat Group.
May 21, 2018, 18:06 PM IST
NCLAT directs RP to give comments only on revised bids of Binani Cement
The National Company Law Appellate Tribunal (NCLAT) made the remarks while hearing an application filed by UltraTech in the Binani Cement insolvency matter.
May 15, 2018, 18:41 PM IST
NCLT asks Binani Cement's CoC to consider UltratTech's revised bid
The NCLT bench also directed the CoC to consider Dalmia Bharat Group's RPPL resolution plan if it matches UltraTech's offer.
May 02, 2018, 17:55 PM IST
UltraTech to buy Binani Cement for Rs 7,266 crore, seeks end to insolvency proceedings
The move comes days after rival Dalmia Cement said its Rs 6,350 crore bid to buy Binani Cements Ltd has been accepted by the lenders.
Mar 19, 2018, 18:58 PM IST
Bankers pull off largest stressed asset resolution with Rs 16,189-crore UltraTech-JP Cement deal
ICICI Bank on Thursday said that a lenders consortium led by it has concluded the biggest asset resolution in the country with consummation of the Rs 16,189 crore takeover of Jaypee Cements by Ultratech.
Jun 29, 2017, 19:26 PM IST
CCI slaps Rs 6,715 crore fine on 11 cement companies including ACC, Ultratech
Competition Commission Wednesday imposed more than Rs 6,700 crore penalty on 11 cement companies, including ACC and Binani, for cartelisation.
Aug 31, 2016, 20:37 PM IST
Jaiprakash Associates calls board meet on Monday as banks invoke SDR
With the lenders invoking the strategic debt restructuring (SDR) option against debt-laden Japyee Group, its flagship firm Jaiprakash Associates on Saturday said it has convened a meeting of board of directors on Monday to discuss progress of divestment plans and other issues.
Jul 02, 2016, 18:52 PM IST
Ultratech-JAL cement Rs 5,400-cr deal fails on lack of regulatory approval
The Rs 5,400-crore deal between India's largest cement maker Ultratech and Jaiprakash Associates (JAL) to acquire the latter's two cement plants has been called off on account of lack of regulatory approvals.
Feb 26, 2016, 21:23 PM IST
Ultratech to raise up to Rs 9K cr for loan refinancing, capex
The Aditya Birla Group firm will seek shareholders' nod to raise the capital at its Annual General Meeting scheduled next month.
Jul 31, 2015, 16:21 PM IST
Ultratech Cements profit declines 6% to Rs 591 cr
Its consolidated net sales rose by 6 per cent to Rs 6,372 crore in April-June quarter of 2015-16, from Rs 5,989 crore in the same quarter of 2014-15 fiscal, Ultratech said in a filing to the BSE.
Jul 20, 2015, 15:44 PM IST
Jaiprakash Associates shares soar 9% on Ultratech deal
Shares of Jaiprakash Associates (JAL) on Wednesday zoomed 9 percent after Aditya Birla Group firm Ultratech announced the acquisition of its two plants in Madhya Pradesh for Rs 5,400 crore.
Dec 24, 2014, 14:14 PM IST
CCI rejects cartelisation case against 11 cement makers in AP
Fair trade regulator CCI has dismissed a complaint alleging that 11 cement makers, including Ultratech and Jaypee, indulged in pricing cartelisation in Andhra Pradesh.
Nov 21, 2014, 19:36 PM IST
