Gujarat Ambuja Cements Ltd allotted 1400 shares on exercise of the stock options by the employees.
Narotam S Sekhsaria on Monday resigned as the managing director of Gujarat Ambuja Cements.
Gujarat Ambuja Cement and Holcim on Thursday announced the completion of financial closure of Rs 3,540 crore (Rs 35.40 billion) for Ambuja Cement India.
Gujarat Ambuja Exports Ltd said Gujarat High Court approved a scheme for repayment of capital to small holders holding up to 99 shares in physical form in each folio.
Cement major Gujarat Ambuja Cements Ltd on Monday said Holderind Investments Ltd (Holcim Mauritius) has 14.8 per cent stake in the company.
Gujarat Ambuja Cements Ltd's board will meet on January 29, 2003 to consider quarterly/ half-yearly unaudited financial results for the quarter/half year ended December 31, 2002.
Gujarat Ambuja Cements has reported a 50 per cent surge in net profit to Rs 89.55 crore (Rs 895.5 million) for the second quarter ended December 31, 2004 as compared to Rs 59.54 crore (Rs 595.4 million) in the corresponding quarter of the last fiscal
The deal price of Rs 138.65 a share is 32 per cent higher than the Rs 105 a share that Holcim paid in January.
Gujarat Ambuja Cements Ltd on Friday reported a 104 per cent rise in its consolidated net profit during the third quarter ended March 31, 2004 and announced an interim dividend of 50 per cent for the fiscal ended June 2004.
Gujarat Ambuja Cements Ltd has posted a net profit of Rs 564.60 million for the quarter ended December 31, 2002 as compared to Rs 504.40 million for the quarter ended December 31, 2001.
Adani group companies reported a record capital expenditure of Rs 1.53 lakh crore (USD 16.1 billion) and an all-time high EBITDA of Rs 94,834 crore (USD 10 billion) in the 2025-26 fiscal year, signalling an accelerating infrastructure expansion cycle while maintaining leverage below its stated target.
In a move aimed at consolidating its Indian operations, Swiss cement major Holcim will increase its control in ACC and Gujarat Ambuja Cements for close to Rs 2,700 crore (Rs 27 billion).
The Sensex opened with a small gain of two points at 6,467 over its previous close.
The possible acquisition of Holcim India business will be one of the biggest inbound corporate deals in the country. Currently, Walmart Inc.'s $16-billion acquisition of Flipkart Online Services in 2018 remains the biggest acquisition of an Indian asset by any acquirer, followed by BP plc acquisition of 30 per cent stake in Reliance Industries' 23 oil and gas production blocks in 2011 for $7.2 billion. Bloomberg reported late on Wednesday night that Holcim - the world's biggest cement maker - is considering a potential sale of its India business and gauging interest in its controlling stake in Ambuja Cement.
Look out for Automotive Check out Axles, Concor, Gujarat Ambuja, Anant Raj Industries
The cement index, consisting of the top five cement companies has appreciated by almost 16 per cent.
Ultratech Cement's acquisition of a 23 per cent stake in Tamil Nadu-based India Cements is another instance of growing consolidation in the cement market in India. The deal will raise Ultratech's share, based on India Cements' revenues in FY24, in the domestic market by 230 basis points if the latter is formally acquired by the former in due course. India Cements' share was up 11.5 per cent on Thursday on market expectations of an open offer.
Ambuja Cements' announcement that it would acquire Hyderabad-based Penna Cement Industries could be the Adani Group company's first step for wider inorganic expansion, according to analysts.
After cement, billionaire Gautam Adani's group and Kumar Mangalam Birla's Aditya Birla Group are set for a face-off in the wires and cable business with both conglomerates announcing forays into the high double-digit growth sector.
Holcim Ltd, the world's second largest cement producer, has made a $800 million bid to acquire Associated Cement Company Ltd, India's largest cement manufacturer.
Swiss cement maker Holcim, which had made an open offer to pick up 36.20 per cent shares of ACC, would also buy out the stakeholding of US-based AIG and GIC of Singapore in Ambuja Cement India Limited
Mutual funds predominantly bought engineering, media, pharma, and oil and gas stocks in July
Former CII president R Sashsayee, Jamshed Godrej of the Godrej Group and Suresh Neotia, Chairman of the Gujarat Ambuja, will be among the small group of industrialists meeting the prime minister. Besides the Satyam saga, the World Bank has initiated action against five Indian entities, including Wipro Technologies, for violating the guidelines of the multilateral lending agency on checking fraud and corruption.
Aditya Birla Group and Holcim are rapidly increasing capacity in a bid to become the largest player in India's cement industry.
Thirty stocks from various sectors form the Sensex.
The markets opened with a significant positive gap joining the rally in markets across the globe
With the acquisition of 14.8 per cent stake in Gujarat Ambuja Cements Ltd, by Swiss cement major Holcim, foreign players, including Lafarge, would be controlling nearly 25 per cent of total production in the country.
