Emami Cement

Emami may sell land, non-core assets to bring down promoter pledging

Last month, the Emami Group completed divestment of its 100 per cent stake in Emami Cement to Nuvoco Corporation

CCI approves acquisition of Emami Cement by Nirma promoter Nuvoco Vista

In February, Nuvoco Vistas -- formerly Lafarge India Limited -- announced that it would acquire the 8.3 million tonne per annum cement business of Emami for an enterprise value Rs 5,500 crore

Nuvoco deposits Rs 250 crore in escrow account for Emami Cement deal

Sources in the know said the amount was being paid to show 'Nuvoco's commitment' to finalise the agreement, which it signed with Emami last month for acquisition of the cement assets

Promoters' pledge will be down to zero by Mar 2021: Emami Group director

The promoters' debt, that is loan against shares, is Rs 3,000 crore

Emami sells cement biz to Nirma. What it means for the stock and sector?

In December last year, Emami Cement had filed for its IPO with market regulator Securities and Exchange Board of India (Sebi) to issue fresh equity shares worth Rs 500 crore

Emami to sell cement business to Nirma group arm for Rs 5,500 crore

Emami inks deal with Nuvoco Vistas for sale of 100% stake

Nirma in talks with Apollo Global Management, Bain for Emami Cement bid

Nuvoco is among the bidders for Emami Cement, which has picked Arpwood Capital and Credit Suisse Group AG to manage the sale of the unit as Bloomberg News previously reported

For next 3 years, we will set aside Rs 9,000 cr as capex: Shree Cement MD

World GDP growth will be less than three per cent, and even with revised estimates, India's GDP growth will be more than the global average, says Hari Mohan Bangur

Bidding for Emami Cement to commence mid-Jan, Ultratech ahead in race

Emami Group has decided to monetise its cement assets to pare debt and aims to become debt-free at the group level by the end of the current fiscal year

UltraTech Cement: Street watchful on valuations of new acquisition

Post consolidation of Century and Binani Cement assets, new acquisitions at stretched valuations may not bode well, say analysts

Shree Cement launches Rs 3,000-cr QIP, fixes price at Rs 19,806 a share

Promoters currently hold 64.79 per cent in the company, while foreign portfolio investors have an 11.88 per cent stake.

Three companies show interest to acquire Emami Group's cement arm

Emami Cement is currently focussed on east India, with its plants in Risda in Chhattisgarh, Panagarh in West Bengal, and Jajpur in Odisha

Emami to pick Arpwood, Credit Suisse to manage cement unit sale: Sources

The bankers will start reaching out to prospective buyers for Emami Cement Ltd., seeking a valuation of about $1 billion

Emami Group's health care entities face credit rating downgrade

Since the assets which can help reduce debt are yet to be identified, health care assets are also under consideration

Emami Cement gets SEBI approval for initial public offering of Rs 1,000 cr

The IPO comprises of equity shares of face value of Rs 10 each aggregating up to Rs 1,000 crore comprising a fresh issue aggregating up to Rs 500 crore and an offer for sale up to Rs 500 crore

Emami Cement files for IPO with Sebi, proceeds to be used in debt repayment

Company to issue fresh equity shares worth Rs 5 bn; another Rs 5 bn worth of promoter group's shares to also be sold

Emami Cement files for Rs 10 bn IPO of fresh and existing shares

The Kolkata headquartered company is a part of the Emami Group and has cement plants in West Bengal, Chattisgarh and Odisha

Emami Cement mulls plants in Rajasthan, AP, eyes Rs 2,800 cr income by FY19

Company has bagged limestone deposits in both the states, will focus largely on domestic market