Tag Archives: UltraTech

TechM, HUL, Ultratech among 7 stocks that analysts say will deliver gains in 3 weeks

NEW DELHI: The domestic equity market suffered sharp losses in morning trade on Monday, as the euphoria over Fed pause and Budget booster fizzled out and investors embarked on a selling spree amid poor health of the rupee, which fell nearly 48 paise against the US dollar this morning. In the absence of fresh directional cues, the market moved towards ... Read More »

UltraTech to buy Jaiprakash cement plants for $2.4 bln

UltraTech Cement Ltd, part of the Aditya Birla conglomerate, has agreed to buy Jaiprakash Associates Ltd’s cement plants for an enterprise value of 165 billion rupees ($2.4 billion), the companies said on Sunday. UltraTech, beating competition from domestic and international bidders for the assets, and Jaiprakash said they had signed a memorandum of understanding for 12 plants whose capacity totals ... Read More »

UltraTech acquires Jaypee group’s cement assets for Rs. 16,500 crore

Acquisition will augment company’s capacity to 90.7 mtpa from the current 68.3 mtpa. ltraTech Limited has agreed to acquire Jaypee Group’s 22.4 million tonnes of cement capacity assets for Rs.16,500 crore, making it the largest deal in the Indian cement sector. Kumar Mangalam Birla’s cement flagship firm entered into a binding agreement with Jaiprakash Associates Ltd., for the acquisition of ... Read More »