Cement News tagged under: Andhra Cements
Sagar reportedly in talks to buy Jaypee's Andhra Cements19 January 2016, Published under Cement NewsSagar Cements is in advanced talks to acquire Andhra Cements from the Jaypee Group, the Economic Times (ET) of India has learnt from two sources. JSW Cement is another potential contender, according to the sources. Andhra Cements has two plants in the southeastern Indian state of Andhra Pradesh with a combined capacity of 2.6Mta. It also has a 25MW captive power plant under construction. The sources said that Sagar Cements will make an open offer to the minority shareholders of Andhra Cem... |
Jaypee to launch open offer for Andhra Cements shares25 January 2012, Published under Cement NewsJaypee Development Corp is set to launch an open offer for the acquisition of INR7.63 crores shares of Andhra Cements at INR12/share, according to reports by the Economic Times on India. Existing Andhra Cements shareholders would be able to tender their shares by February 8, the company said in a statement. Jaypee had inked an agreement with some Andhra Cement prompoters/promoter group firms on 15 November to acquire INR19.65 crore equity shares (66.4 per cent of the expanded paid-up sha... |