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News UltraTech Cement’s acquisition of Century Textiles moves ahead

UltraTech Cement’s acquisition of Century Textiles moves ahead

Written by Global Cement staff 21 May 2018
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India: UltraTech Cement has agreed an acquisition schedule to buy the cement assets of Century Textiles & Industries. The cement production subsidiary of BK Birla Group comprises three integrated plants in Madhya Pradesh, Chhattisgarh and Maharashtra respectively with a combined production capacity of 11.4Mt/yr and a 1Mt/yr grinding plant in West Bengal.

The takeover has been arranged via a demerger process whereby Century Textiles’ shareholders will be given shares in UltraTech Cement. The deal is subject to approval from shareholders, creditors, competition bodies and others. It is expected to be completed by early 2019.

Last modified on 22 May 2018
Published in Global Cement News
Tagged under
  • India
  • UltraTech Cement
  • Acquisition
  • Century Textiles and Industries
  • Madhya Pradesh
  • Chhattisgarh
  • Maharashtra
  • Plant
  • West Bengal
  • grinding plant
  • shareholders

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