Aditya Birla Group Company UltraTech Cements Deal To Buy India Cements

#UltraTechCement #IndiaCements #AdityaBirlaGroup #RadhakishanDamani #NSrinivasan
Exactly a month after it acquired a 23% stake from DMart founder, Radhakishan Damani, UltraTech Cement, a part of the Aditya Birla Group and the largest player in the sector, announced that it would pick another 32.72% stake in South-based India Cements at Rs 390 per share. This will be followed by the mandatory 26 per cent open offer and if that is fully subscribed, UltraTech will hold 81 per cent in India Cements. It will mark the exit of the India Cements’ promoter group led by N Srinivasan. The price paid for this deal is 46 per cent more than the Rs 267 that Damani sold his holding at. From a strategic point of view, it gives the buyer a key foothold in the South market, one that is fragmented with over 45 players. Supply today is estimated to exceed capacity easily by 2X, making the region the lowest in terms of capacity utilisation – it is at 60-65 per cent compared to around 7 per cent nationally. Of course, the move is also to pre-empt the Adani Group-owned Ambuja Cements, that has already picked up Sanghi, MyHome’s grinding unit and Penna – to acquire India Cements.

#CementIndustry #CorporateAcquisition #StrategicInvestment #SouthIndiaMarket #BusinessNews #StockMarket #MergersAndAcquisitions #AdaniGroup #AmbujaCements #MarketExpansion #AdaniGroups
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[UKRadhakrishnaMillsandText-yt]

Good morning, Jai Laxmi mata , it's really a good business deal really and globally regarding ur company making deal for buying shares in cements company, hoping for good progress, Laxmi mata blessing is surely there, but one suggestion from my company and from my side, Respected sir, today our country India is in highest mode of construction where actual demand is 750 mtpa but because of slow
down planning demand goes to 550 mtpa and actual production in our country with 100 companies manufacturing goes to 350 to 400 mtpa as per power point presentation and statistics, still demand conjugation is there, sir ur stake in cement quality is highest and now in production highest is to be there, that is anyhow sir by 2026 ur company production of cement of all types + grades should reach to 250 Mtpa , that shall be actual winning phase of 51 percent of total production + sale in market consumption making your company first ranking, regarding this if time permits me I shall surely meet u sir and discuss because I and my company wants or likes to see your company first in India, thanks ( message for Respected Mr Kumar Mangalam sir)

[UKRadhakrishnaMillsandText-yt]

Good morning , Jai Laxmi mata, sir I and my company feels proud regarding your company has entered in this Jewellery Business, it's really a great big business, it's all Laxmi mata blessing, some good has happened, now one thing regarding this sector is there regarding ur investment in this business is good, but to reach goals in market with different varieties + qualities yearly business minimum can go to 10 billions dollars where. Some round about investment shall b 50 percent, it's not at all difficult, sir next month if possible I shall meet or I shall send my message through my company email regarding 95 percent of remaining investment in terms of movable assets/ property stocks how to achieve + sustain by linear growth + stimulating progression, thanks,

[shankarbalakrishnan]

Build indias infrastructure cement india first❤❤🎉🎉

[madanmohanpradhan]

Why not the marwadi entering into the tech industry

[UKRadhakrishnaMillsandText-yt]

Good morning , Jai Laxmi mata, sir I and my company feels proud regarding your company has entered in this Jewellery Business, it's really a great big business, it's all Laxmi mata blessing, some good has happened, now one thing regarding this sector is there regarding ur investment in this business is good, but to reach goals in market with different varieties + qualities yearly business minimum can go to 10 billions dollars where. Some round about investment shall b 50 percent, it's not at all difficult, sir next month if possible I shall meet or I shall send my message through my company email regarding 95 percent of remaining investment in terms of movable assets/ property stocks how to achieve + sustain by linear growth + stimulating progression, thanks,