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Cement manufacturer India Cements is planning to raise Rs 500 crore from investors. In this regard, the company’s board at its meeting will consider various options like QIP, FCCB, GDR and/or other securities for a total sum not succeeding Rs 500 crore. The board would also consider delisting of its shares from the Madras Stock Exchange.

India Cements is largest manufacturer of cement in South India. India Cements owns 28% of the market share and is leader in south India. The cement manufacturer aims 35% market share. It has distribution network of 10,000 stockists.

Peers
Company Name CMP
Ultratech Cement 10958.00
Ambuja Cements 370.10
ACC 1191.05
Shree Cement 22315.00
Dalmia Bharat 1621.60
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