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India Cements to acquire entire stake in Springway Mining

29 Oct 2018 Evaluate

India Cements has entered into a share purchase agreement for acquiring the entire shareholding of Springway Mining, in a phased manner, at a total consideration of Rs 182.89 crore with an objective of setting up of a cement plant in the State of Madhya Pradesh.

India Cements is the largest producer of cement in South India and one of the largest cement manufacturer in the country.

Peers
Company Name CMP
Ultratech Cement 10799.00
Ambuja Cements 363.00
ACC 1183.15
Shree Cement 21871.80
Dalmia Bharat 1680.60
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