Cement News tagged under: Chettinad Cement Corporation
Chettinad Cement to be evicted off government land14 August 2018, Published under Cement NewsChettinad Cement Corp Ltd has been ordered to vacate government land that it encroached upon to construct a railway track to its Ariyalur railway track. The Madras High Court passed the judgement with Justice SM Subramaniam also ordering a probe into government officials involved in colluding with factory management to use the land. "Such industries cannot encroach upon government land, which is not only a water body, but also used as a pathway by the villagers and the people of that loca... |
Chettinad increases holding in Anjani Portland Cement, India29 July 2014, Published under Cement NewsChettinad Cement Corp has increased its holding in Anjani Portland Cement to 66.08 per cent by acquiring a 17.08 per cent share through an open offer. In March, the company had entered into a share purchase agreement to acquire a 61.74 stake in Anjani Portland. Chettinad Cement has said that its agreement with promoters of Anjani Portland has a built-in flexibility to ensure that its holding is limited at 75 per cent, the maximum allowed for a firm to remain listed. The move helps Chet... |
Chettinad purchases shares in Anjani Portland21 May 2014, Published under Cement NewsChettinad Cement Corporation Ltd has purchased approximately 20.58% of shares of Anjani Portland Cement Ltd from shareholders. Chettinad Cement has reportedly acquired 3784.014 shares through off market purchase for a price of INR61.75/share (US$1.05). Chettinad Cement, based in Chennai, India, announced its plans to acquire Anjani Portland Cement, based in Andhra Pradesh (AP), in March 2014. The purchase forms part of the company’s strategy to increase its presence in the AP market, situ... |
Chettinad Cement seeks shareholders’ approval for delisting, India07 January 2013, Published under Cement NewsIndia-based cement producer Chettinad Cement Corporation has begun seeking shareholders approval to delist from the three Indian stock exchanges on which it trades. The company is listed on the National Stock Exchange (NSE), Madras Stock Exchange (MSE) and Bombay Stock Exchange (BSE). Promoter group company Chettinad Holdings Pvt plans to acquire 11.56 per cent of the equity to take full ownership of the company, according to a statement by the company to the BSE. The promoter current... |
Chettinad plans to delist, India11 May 2012, Published under Cement NewsThe promoters of Chettinad Cement Corporation are making a voluntary offer to the company's public shareholders to delist the shares from stock exchanges. The stock is currently listed on the National Stock Exchange and Madras Stock Exchange and in the permitted securities category of the Bombay Stock Exchange. The board is meeting on Tuesday to consider the delisting proposal, the Economic Times of India reports. The promoters of Chettinad Cement hold a large 88.4% stake in the compan... |
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