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UltraTech Cement plans to acquire controlling stake in ARM Cement: Report

13 Jan 2016 Evaluate

UltraTech Cement is reportedly planning to acquire controlling stake in ARM Cement of Kenya. ARM announced on December 23 that it is in talks with an unidentified institutional investor about a $125 million investment.

Earlier, UltraTech Cement, Dalmia Bharat backed by private equity investor KKR and Shree Cement were among prospects approached to take over the Jaypee Group’s cement business.

 

Peers
Company Name CMP
Ultratech Cement 11195.00
Ambuja Cements 349.80
ACC 1142.35
Shree Cement 23000.15
Dalmia Bharat 1517.70
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