Page 4 - Ambuja Cements

Top Headlines: Adani acquires Ambuja Cements, Sebi panel on FPIs, and more

From Gautam Adani winning the race for Ambuja Cement to Sebi forming expert panel on FPIs, here are the top headlines on Monday

Ultratech in talks with rival cement firms, PEs on asset divestiture plans

India's largest firm in the sector seeks more time from Switzerland's Holcim to make a bid for Ultratech and ACC.

US Fed rate hike raises cost of funds for Ambuja Cements bidders

The acquisition is expected to cost around $10 billion (Rs 76,000 crore), including the open offers for the shareholders of both Ambuja Cements and ACC

Ambuja acquisition could be LIC's windfall; acquirer to make open offer

LIC owns 6.3 per cent stake worth Rs 4,602 crore in Ambuja Cements and 5.66 per cent stake worth Rs 2,445 crore in ACC

Holcim's sale of Ambuja Cement, ACC to be biggest exit of an MNC from India

Ambuja Cement ended Friday with a market capitalisation of Rs 73,836 crore while ACC closed the day with Rs 43,819 crore.

Top headlines: IMF on India's $5-trn economy aim, drop in MGNREGA demand

Here are the top headlines on Tuesday

Adani, JSW groups submit non-binding bids to acquire Ambuja Cements

Holcim intends to close the transaction early

Holcim likely to seek exemption under India-Mauritius tax agreement

The India-Mauritius treaty was designed to attract foreign investments in the early 1990s when India's foreign exchange reserves were alarmingly low

Ambuja Cements: Holcim's stake sale is a crucial near-term trigger

With margins seen under pressure and analysts' target price of Rs 350-410, the gains otherwise are limited

Apollo Global Management may lend $1 bn to JSW for Ambuja Cements buy

The group is in talks with several sovereign funds based in west Asia to acquire Ambuja Cements

Ambuja Cements net profit slumps 30.26% to Rs 856.46 crore in Q1

The consolidated result of Ambuja Cements also includes the financial performance of its step-down firm ACC Ltd

Damani eyes partners for Ambuja Cements buy; may invest up to Rs 10,000 cr

May monetise Avenue Supermarts stake to raise funds

Adani Enterprises hits new life-time high, stock up 5% on heavy volume

According to a Bloomberg report, Gautam Adani's conglomerate is in advanced talks to acquire Holcim Ltd.'s businesses in India.

Top headlines: DoT strategising to protect IP, brokerages' 10 stock bets

Business Standard brings you the top headlines this morning

Ambuja Cements-ACC deal likely to propel buyer to No. 2 position

The open offer for ACC will cost the acquirer Rs 10,800 crore, or $1.42 billion

Holcim considering potential sale of India's $9.6 bn Ambuja Cements

Holcim has been selling off non-core assets to reduce debt and diversify through acquisitions

Analysts say cement stocks now attractive; price hikes to ease margin woes

Analysts believe current input cost headwinds are transitory as likely price hikes by companies will help aid margin pressures.

Input cost worries! ACC, Ambuja, UltraTech slip 3%; down heavily in a month

Apart from higher coal/petcoke prices, the recent increase in crude prices/ocean freight rates may further put pressure on operating costs for the cement industry.

Sensex dips for 3rd day, slips 59 pts; Ambuja Cement falls 6%, HDFC up 1%

On the sectoral front, key indices ended in the negative zone led by the Nifty Realty index (down 1.2 per cent) and the Nifty Pharma index (down 0.8 per cent).

Ambuja Cements slips 4% on weak Q4 operational performance

The management said the December 2021 quarter was unfavorably impacted by very steep escalation in fuel prices coupled with subdued demand in multiple regions.