Key Developments: UltraTech Cement Ltd (ULTC.NS)
Latest Key Developments (Source: Significant Developments)
Ultratech Cement Ltd:Approved signing of the definitive agreement with of cement units of Jaiprakash Associates Ltd (JAL) for the acquisition.The acquisition will be by way of a scheme of arrangement between JAL and the company and their respective shareholders and creditors. Full Article
Ultratech Cement Ltd:Approves acquiring the cement business of Jaiprakash Associates Limited (JAL) in Madhya Pradesh (MP).Integrated cement plant with clinker capacity of 2.1 mtpa and cement grinding capacity of 2.6 mtpa at Bela, Madhya Pradesh.Integrated cement plant with clinker capacity of 3.1 MTPA and cement grinding capacity of 2.3 MTPA at Sidhi, MP.180 MW TPP of which 25 MW is situated at Bela and 155 MW at Sidhi.Enterprise Value of this acquisition has been agreed at 54 bln Indian rupees. Full Article
Ultratech Cement Ltd:Appointed Atul Daga as chief financial officer in place of K. C. Birla effective Dec. 01. Full Article
Ultratech Cement Ltd:Recommends dividend of nine Indian rupees per equity share of 10 Indian rupees each for year ended March 31, 2014. Full Article
Feb 28 - Indian Finance Minister Arun Jaitley on Saturday unveiled a budget that aims to ramp up growth, aided by a slowed pace of fiscal deficit cuts and a raft of tax measures to put private domestic and foreign capital to work.