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IL&FS Financial Services acquires 17.25% stake in Sagar Cements

27 Aug 2015 Evaluate

IL&FS Financial Services, a leading non- banking finance company, has acquired 17.25% stake in Sagar Cements on August 24, 2015 through acquisition of 30 lakh pledged shares of the cement company.

Sagar Cements is one of the most modern mini cement plants in the state of Andhra Pradesh. The plant is based on Dry Process Rotary Kiln Technology that is used in ‘Standard Quality' cement companies. The company manufactures various varieties of cement like Portland Pozzalona Cement and Sulphate Resistant Cement.


Peers
Company Name CMP
Ultratech Cement 10620.10
Ambuja Cements 358.65
ACC 1167.00
Shree Cement 22300.90
Dalmia Bharat 1625.30
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