UltraTech
Shares in UltraTech Cement hit a 52-week low in late October following the announcement that the company has seen its consolidated net profit fall by 11 per cent YoY in 2QFY19. ...
Century Textiles
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UltraTech receives approval to acquire cement business
UltraTech has announced that it received approval from the Competition Commission of India (CCI) to acquire the cement business of Century Textiles and Industries. UltraTech is ...
UltraTech Cement
In the quarter ended 30 June 2018, UltraTech Cement saw its net sales advance to INR88.41bn (US$1286m), up 27 per cent on the corresponding quarter a year earlier. Profit before...
UltraTech to complete Century Textiles deal by February
UltraTech will issue 14m new equity shares to the shareholders of Century Textiles and Industries, which will increase its equity capital to INR2.8bn (US$42m).
Demerger of Century Textiles to UltraTech Cement
The Board of Directors of UltraTech Cement Ltd confirmed that Century Textiles will demerge its 'Cement Business' into UltraTech, in a company statement. "The transaction provid...
UltraTech set to acquire Century Textiles' cement business
UltraTech has announced plans to acquire the cement sector of Century Textiles through a share swap deal, which will further strengthen its presence in the eastern and central m...
Kumar Mangalam Birla appointed as Vice Chairman of Century Textiles
Kumar Mangalam Birla, chairman of the US$40bn Aditya Birla Group, has been appointed as Vice Chairman of Century Textiles and Industries. KM Birla is grandson of 94-year-old BK ...
Century Textiles to reportedly spin off cement unit
Century Textiles, owned by Birla patriarch Basant Kumar Birla, will spin off its cement business and merge it in an all-share deal with UltraTech Cement, owned by grandson Kumar...
India: Century Textiles to raise capacity to 12.8Mta by end-FY14
BK Birla-led Century Textiles is ramping up cement capacity to 12.8Mta by end-FY14 even as it described the present over-capacity situation as a major concern for the sector.