Cement News tagged under: Sree Jayajothi Cements Ltd
India: Vicat keen to buy Shriram cement unit27 June 2013, Published under Cement NewsFrench cement maker Vicat has emerged as a surprise frontrunner to acquire a cement unit of southern conglomerate Shriram Group. Vicat is expected to buy controlling shares in Sree Jayajothi Cements Ltd, which is a part of Shriram Ventures, the holding entity of the group's non-financial services businesses, valued at about US$250m. The US$3bn French MNC surged into the fray after Shriram's deal-making with private equity giant Blackstone collapsed two months ago. Blackstone was close to a... |
Two frontrunners emerge for Jayajothi Cements stake, India25 February 2013, Published under Cement NewsCiti Venture Capital International (CVCI) and Blackstone have emerged as the two private equity (PE) investors shortlisted by the Shriram Group to purchase a stake in its Jayajothi Cements cement unit. The Times of India reports that the two companies are vying for a "big stake“ in Jayajothi Cements but with Shriram continuing to manage the cement unit. Shriram had explored options of selling the stake in Jayajothi to global majors like CRH and Holcim (both of which are active in the India... |
Citi Venture Capital International interested in Shriram Group investment28 August 2012, Published under Cement NewsCiti Venture Capital International (CVCI) is reportedly holding talks to invest INR400crore in the cement unit of southern conglomerate Shriram Group, according to reports in the Times of India. The Shriram Group initiated the process to sell a stake in Sree Jayajothi Cement which it had previously acquired a 70 per cent stake in earlier this year following the conversion of loans into equity. Private equity companies like Blackstone, Kohlberg Kravis Roberts & Co and Mount Kellet, had shown... |
Shriram EPC to buy 68% stake in Jayajothi Cement, India07 March 2012, Published under Cement NewsShriram EPC confirmed it would buy a 68 per cent stake in Sree Jayajothi Cements Ltd, along with its group companies, reports the Business Standard of India. The acquisition will be carried out by Shriram EPC and a special purpose vehicle floated by other Shriram Group companies. Last month the paper reported that the Shriram Group was planning to acquire a stake in the Andhra Pradesh-based cement producer by converting its dues into equity. Speaking to Business Standard, Shriram EPC m... |
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