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India Cements acquires entire paid-up equity, Preference share capital of SMPL

29 Jun 2022 Evaluate

India Cements has completed acquisition of the entire paid-up equity and Preference share capital of Springway Mining (SMPL). With this, SMPL has become wholly owned subsidiary of company with effect from June 27, 2022. The entire Equity and Preference Shares of SMPL are acquired at a total consideration of Rs 182.89 crore. The acquisition is for setting up of a cement plant in the State of Madhya Pradesh. 

The India Cements is engaged in the manufacture of products that will enable the customer to build structures which are durable, cost effective and conducive for human life style.

India Cements Share Price

414.35 -9.10 (-2.15%)
24-Apr-2026 09:33 View Price Chart
Peers
Company Name CMP
Ultratech Cement 12178.10
Ambuja Cement 444.75
ACC 1409.00
Shree Cement 25347.00
Dalmia Bharat 1956.40
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