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Sagar Cements gets nod to merge one of wholly-owned subsidiary with itself

27 Apr 2021 Evaluate

Sagar Cements (SCL) has received approval from board of directors to merge one of its wholly-owned subsidiary companies viz., Sagar Cements (R) with itself. Sagar Cements (R) (SCRL) was incorporated in the State of Karnataka as a public company on August 30, 2007 under the name BMM Cements (BMM). The entire 100% shareholding of BMM was later acquired by Sagar Cements Limited (SCL) in the year 2015-16, making SCRL a wholly-owned subsidiary of SCL.

Sagar Cements is a prominent player in the field of cement in Andhra Pradesh for over 3 decades adopting progressive manufacturing practices, whether it relates to maintaining high standards of quality of its products or development of its highly valued human resources or the need to keep the pollution to the barest minimum.

Peers
Company Name CMP
Ultratech Cement 11081.00
Ambuja Cements 386.00
ACC 1236.75
Shree Cement 22337.15
Dalmia Bharat 1720.35
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