Reliance Infra Cement Business
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Birla Corp Q2 Net Profit Up Over Two-fold At Rs 58.43 Crore
The firm has completed the acquisition of Reliance Infra's cement business during the September quarter.
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Anil Ambani-Led Reliance Infrastructure To Sell Power Transmission Business To Adani Group
Reliance Infrastructure has completed monetisation of cement business and is in advanced stage of doing the same for roads and Mumbai power businesses.
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Reliance Infra Completes 100% Sale Of Cement Business To Birla Corp
Reliance Infra in February this year had announced the deal whereby Birla had agreed to buy the cement business for Rs 4,800 crore at a valuation of $140 a tonne.
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Reliance Infra Surges 6% on Cement Deal with Birla Corp
Shares of Reliance Infrastructure today surged six per cent after the company sold its cement business arm to Birla Corporation for Rs 4,800 crore, a deal that will help the Anil Ambani-led Group lower its debt burden.
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Reliance Cement Buyout to Raise Annual Capacity to 15 Million Tonnes: Birla Corp
Birla Corporation on Thursday said the acquisition of Reliance Infra's cement business in a Rs 4,800 crore deal will increase its total capacity by to 15.5 million tonnes per annum from 10 MTPA at present.
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Reliance Infra to Sell Cement Arm to Birla for Rs 4,800 Crore
Reliance Infrastructure Ltd on Thursday said it has agreed to sell its cement business to Birla Corporation Ltd for Rs 4,800 crore ($710 million), as part of its efforts to reduce debt.
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Birla Corp Among Top Contenders to Buy Reliance Infra Cement Business: Report
Reliance Infrastructure is in an advanced stage of negotiations to sell its cement business in an about Rs 5,000-crore deal and M P Birla Group firm Birla Corporation is one of top three potential buyers.
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Reliance Infra May Sell Cement Business as Early as This Week: Report
Reliance Infrastructure is in the advanced stage of negotiations to sell its cement business and a deal can be announced as early as this week as the Anil Ambani-led firm tries to cut debt.
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Reliance Infra Reportedly in Talks for Cement Business Sale, Shares Rise
Reliance Infrastructure shares rallied as much as 7.86 per cent to hit intraday high of Rs 493.85 in an otherwise subdued market on reports that the company is planning to sell its cement unit.
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Reliance Infra in 'Advanced Talks' to Sell Cement Unit for $394 Million
Reliance Infrastructure Ltd is in advanced talks to sell its cement business for $394 million and a deal could be announced as soon as this week, said a source with direct knowledge of the matter.
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Reliance Infra to Sell Cement Business, Monetise Rs 8,800 Crore Projects
The Anil Ambani-led firm said its board after conducting strategic review of businesses, approved that defence sector "will be primary driver" for growth and gave nod for "disposal of cement business" for which 7 potential buyers have been short-listed.
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Reliance Infra to Sell Cement Business to Cut Debt: Report
As many as 10 global companies have been sounded for 100 per cent stake of Reliance Cement, a wholly owned subsidiary of Reliance Infrastructure, sources privy to the development said.
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Birla Corp Q2 Net Profit Up Over Two-fold At Rs 58.43 Crore
The firm has completed the acquisition of Reliance Infra's cement business during the September quarter.
-
Anil Ambani-Led Reliance Infrastructure To Sell Power Transmission Business To Adani Group
Reliance Infrastructure has completed monetisation of cement business and is in advanced stage of doing the same for roads and Mumbai power businesses.
-
Reliance Infra Completes 100% Sale Of Cement Business To Birla Corp
Reliance Infra in February this year had announced the deal whereby Birla had agreed to buy the cement business for Rs 4,800 crore at a valuation of $140 a tonne.
-
Reliance Infra Surges 6% on Cement Deal with Birla Corp
Shares of Reliance Infrastructure today surged six per cent after the company sold its cement business arm to Birla Corporation for Rs 4,800 crore, a deal that will help the Anil Ambani-led Group lower its debt burden.
-
Reliance Cement Buyout to Raise Annual Capacity to 15 Million Tonnes: Birla Corp
Birla Corporation on Thursday said the acquisition of Reliance Infra's cement business in a Rs 4,800 crore deal will increase its total capacity by to 15.5 million tonnes per annum from 10 MTPA at present.
-
Reliance Infra to Sell Cement Arm to Birla for Rs 4,800 Crore
Reliance Infrastructure Ltd on Thursday said it has agreed to sell its cement business to Birla Corporation Ltd for Rs 4,800 crore ($710 million), as part of its efforts to reduce debt.
-
Birla Corp Among Top Contenders to Buy Reliance Infra Cement Business: Report
Reliance Infrastructure is in an advanced stage of negotiations to sell its cement business in an about Rs 5,000-crore deal and M P Birla Group firm Birla Corporation is one of top three potential buyers.
-
Reliance Infra May Sell Cement Business as Early as This Week: Report
Reliance Infrastructure is in the advanced stage of negotiations to sell its cement business and a deal can be announced as early as this week as the Anil Ambani-led firm tries to cut debt.
-
Reliance Infra Reportedly in Talks for Cement Business Sale, Shares Rise
Reliance Infrastructure shares rallied as much as 7.86 per cent to hit intraday high of Rs 493.85 in an otherwise subdued market on reports that the company is planning to sell its cement unit.
-
Reliance Infra in 'Advanced Talks' to Sell Cement Unit for $394 Million
Reliance Infrastructure Ltd is in advanced talks to sell its cement business for $394 million and a deal could be announced as soon as this week, said a source with direct knowledge of the matter.
-
Reliance Infra to Sell Cement Business, Monetise Rs 8,800 Crore Projects
The Anil Ambani-led firm said its board after conducting strategic review of businesses, approved that defence sector "will be primary driver" for growth and gave nod for "disposal of cement business" for which 7 potential buyers have been short-listed.
-
Reliance Infra to Sell Cement Business to Cut Debt: Report
As many as 10 global companies have been sounded for 100 per cent stake of Reliance Cement, a wholly owned subsidiary of Reliance Infrastructure, sources privy to the development said.
