JSW Cement Secures Sebi Nod for Rs.40 Billion IPO
06 Feb 2025
2 Min Read
CW Team
JSW Cement, part of the Sajjan
Jindal-led JSW Group, has received
approval from the Securities and
Exchange Board of India (SEBI) for
its `40 billion (bn) initial public
offering (IPO). This includes a
Rs.20 bn fresh equity issue and a聽Rs.20 bn offer-for-sale from
existing shareholders, such
as Apollo Global
Management and SBI.
Marking a milestone, it is
the first significant cement
sector IPO since Nuvoco
Vistas' `50 bn offering in
2021. Proceeds will fund key
projects, including a new
cement unit in Rajasthan
and debt repayment. JSW
Cement aims to expand its capacity
and further strengthen its green
cement focus.
Contact: JSW Cement
Website: www.jswcement.in
Email: [email protected]
Nuvoco Vistas to Acquire Vadraj Cement Via Insolvency Route
Nuvoco Vistas Corp, a cement manufacturer in East India, has successfully applied to acquire Vadraj Cement under the Corporate Insolvency Resolution Process. Vadraj Cement, previously owned by ABG Shipyard and based in Gujarat, operates a 6 million tonne grinding unit in Surat. This acquisition will increase Nuvoco's production capacity by over 20 per cent, raising its total to 31 million tonne per annum. The deal, through Nuvoco鈥檚 subsidiary Vanya Corporation, will not significantly impact its debt levels.
颁辞苍迟补肠迟:听Nuvoco Vistas Corp
Website:听飞飞飞.苍耻惫辞肠辞.肠辞尘
罢别濒:听+91 (0) 22 6769 2500
JK Lakshmi Cement Gets Go-Ahead For Amalgamation Plan
Leading bourses NSE and BSE have approved the merger of three subsidiaries into JK Lakshmi Cement. The subsidiaries鈥擴daipur Cement Works, Hansdeep Industries and Trading, and Hidrive Developers and Industries鈥攚ill merge into JK Lakshmi Cement as per the amalgamation scheme. In a BSE filing, JK Lakshmi Cement confirmed that the NSE and BSE issued 'No adverse observation' or 'No objection' letters for the scheme. The board had approved the merger on July 31, 2024, to simplify the group structure. Udaipur Cement Works鈥� shareholders will receive four shares of JK Lakshmi Cement for every 100 shares held. The company aims to increase its capacity to 30 MTPA by 2030.
颁辞苍迟补肠迟:听JK Lakshmi Cement
Website:听飞飞飞.箩办濒补办蝉丑尘颈肠别尘别苍迟.肠辞尘
罢别濒:听1800-102-5097
JSW Cement, part of the Sajjan
Jindal-led JSW Group, has received
approval from the Securities and
Exchange Board of India (SEBI) for
its `40 billion (bn) initial public
offering (IPO). This includes a
Rs.20 bn fresh equity issue and a聽Rs.20 bn offer-for-sale from
existing shareholders, such
as Apollo Global
Management and SBI.
Marking a milestone, it is
the first significant cement
sector IPO since Nuvoco
Vistas' `50 bn offering in
2021. Proceeds will fund key
projects, including a new
cement unit in Rajasthan
and debt repayment. JSW
Cement aims to expand its capacity
and further strengthen its green
cement focus.Contact: JSW Cement
Website: www.jswcement.in
Email: [email protected] Vistas to Acquire Vadraj Cement Via Insolvency RouteNuvoco Vistas Corp, a cement manufacturer in East India, has successfully applied to acquire Vadraj Cement under the Corporate Insolvency Resolution Process. Vadraj Cement, previously owned by ABG Shipyard and based in Gujarat, operates a 6 million tonne grinding unit in Surat. This acquisition will increase Nuvoco's production capacity by over 20 per cent, raising its total to 31 million tonne per annum. The deal, through Nuvoco鈥檚 subsidiary Vanya Corporation, will not significantly impact its debt levels.颁辞苍迟补肠迟:听Nuvoco Vistas CorpWebsite:听飞飞飞.苍耻惫辞肠辞.肠辞尘罢别濒:听+91 (0) 22 6769 2500JK Lakshmi Cement Gets Go-Ahead For Amalgamation PlanLeading bourses NSE and BSE have approved the merger of three subsidiaries into JK Lakshmi Cement. The subsidiaries鈥擴daipur Cement Works, Hansdeep Industries and Trading, and Hidrive Developers and Industries鈥攚ill merge into JK Lakshmi Cement as per the amalgamation scheme. In a BSE filing, JK Lakshmi Cement confirmed that the NSE and BSE issued 'No adverse observation' or 'No objection' letters for the scheme. The board had approved the merger on July 31, 2024, to simplify the group structure. Udaipur Cement Works鈥� shareholders will receive four shares of JK Lakshmi Cement for every 100 shares held. The company aims to increase its capacity to 30 MTPA by 2030.颁辞苍迟补肠迟:听JK Lakshmi CementWebsite:听飞飞飞.箩办濒补办蝉丑尘颈肠别尘别苍迟.肠辞尘罢别濒:听1800-102-5097
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