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Monday, February 4, 2013 - 09:13 IST
News Roundup: UltraTech Cement to buy cement plant in Gujarat, owned by ABG Cement
BY TEAM VCC
UltraTech has offered around $880.65 million at $130 a tonne while ABG is believed to be asking for $946.42 million at $156 a tonne.
Aditya Birla Group-owned UltraTech Cement, has begun talks to purchase an incomplete 6.7-million- tonne cement plant in Gujarat owned by ABG Cement (ABGCL). Executives of both UltraTech Cement and ABG had three rounds of negotiations. Axis Capital, the investment banking...
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