UltraTech Cement
UltraTech Cement Ltd’s board has endorsed the acquisition of a 32.72 percent stake in India Cement Ltd from its advertisers and their partners, adding to its underlying obtaining of a 22.77 Cement percent stake in June at Rs 268 for every offer.
The most recent exchange, totalling Rs 3,954 crore at Rs 390 for each offer, will expand UltraTech’s possession in India Concretes to 55.49 percent, requiring a compulsory open proposal at the equivalent per-share cost.
Also, Ultratech Cement has reported an open proposal to purchase up to 8.05 crore shares, or 26% of the value, from public investors at Rs 390 for every offer, adding up to roughly Rs 3,142.39 crore. This proposition agrees with SEBI guidelines.
UltraTech has reported an open proposal for India Cement at a cost 4% higher than the end cost on Friday. In June, UltraTech had procured a 23% stake in India Concretes through block bargains at Rs 269 for each offer.
Furthermore, Ultratech Cement has gone into an offer buy understanding, SPA 2, to procure 1.99 crore value shares, addressing 6.44 percent of the value share capital, from Rupa Gurunath, Legal administrator of Safety Administrations Trust, and Rupa Gurunath, Legal administrator of Monetary Help Trust, the two individuals from the advertiser bunch. This procurement is esteemed at Rs. 778.21 crore.
Ultratech Cement will procure 1,33,16,783 value shares, addressing 4.30% of the value share capital, from Sri Saradha Strategies Private Restricted. This exchange is esteemed at Rs. 519.35 crore.
Aggregately, these acquisitions are alluded to as the “Essential Obtaining.” The effective fruition of these exchanges is dependent upon getting the fundamental legal and administrative endorsements.
N. Srinivasan, who will turn 80 in January, has been in charge of India Cement beginning around 1989, following the passing of his dad, T.S. Narayanaswami.
His girl, Rupa Gurunath, an entire time chief, and his significant other, Chitra Srinivas, who fills in as a load up chief, purportedly care very little about maintaining the business after Srinivasan ventures down because of medical problems.
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UltraTech Cement Ltd’s board has endorsed the acquisition of a 32.72 percent stake in India Cement Ltd from its advertisers and their partners, adding to its underlying obtaining of a 22.77 Cement percent stake in June at Rs 268 for every offer.
The most recent exchange, totalling Rs 3,954 crore at Rs 390 for each offer, will expand UltraTech’s possession in India Concretes to 55.49 percent, requiring a compulsory open proposal at the equivalent per-share cost.
Also, Ultratech Cement has reported an open proposal to purchase up to 8.05 crore shares, or 26% of the value, from public investors at Rs 390 for every offer, adding up to roughly Rs 3,142.39 crore. This proposition agrees with SEBI guidelines.
UltraTech has reported an open proposal for India Cement at a cost 4% higher than the end cost on Friday. In June, UltraTech had procured a 23% stake in India Concretes through block bargains at Rs 269 for each offer.
Furthermore, Ultratech Cement has gone into an offer buy understanding, SPA 2, to procure 1.99 crore value shares, addressing 6.44 percent of the value share capital, from Rupa Gurunath, Legal administrator of Safety Administrations Trust, and Rupa Gurunath, Legal administrator of Monetary Help Trust, the two individuals from the advertiser bunch. This procurement is esteemed at Rs. 778.21 crore.
Ultratech Cement will procure 1,33,16,783 value shares, addressing 4.30% of the value share capital, from Sri Saradha Strategies Private Restricted. This exchange is esteemed at Rs. 519.35 crore.
Aggregately, these acquisitions are alluded to as the “Essential Obtaining.” The effective fruition of these exchanges is dependent upon getting the fundamental legal and administrative endorsements.
N. Srinivasan, who will turn 80 in January, has been in charge of India Cement beginning around 1989, following the passing of his dad, T.S. Narayanaswami.
His girl, Rupa Gurunath, an entire time chief, and his significant other, Chitra Srinivas, who fills in as a load up chief, purportedly care very little about maintaining the business after Srinivasan ventures down because of medical problems.
