JSW Cement acquires 37% stake in Shiva Cement for ₹97 crore

JSW Cement acquired a 37.16% stake from the promoters of Shiva Cement for ₹97 crore and made an open offer for an additional 32% for ₹87.36 crore. JSW Cement plans to invest ₹450 crore to expand clinker capacity at the Shiva Cement plant from 100,000 tonnes to 1 million tonnes.

“JSW Cement has acquired 37.16 per cent stake from the promoters of Shiva Cement for Rs 97 crore.”thehindubusinessline.com

• 1 source
• thehindubusinessline.comJSW Cement buys out Shiva Cement promoters’ stake - The HinduBusinessLineJan 11, 2017

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