UltraTech Cement to acquire Century Textiles' cement business

UltraTech Cement will acquire the cement business of Century Textiles through a share-swap deal, adding 13.4 million tonnes per annum capacity. The enterprise value is Rs 86.21 billion.

“Aditya Birla group company UltraTech Cement has said it will acquire the cement business of B K Birla firm Century Textiles through a share-swap deal.”business-standard.com

• 4 sources
• business-standard.comUltraTech to buy Century Textiles' cement biz through a share-swap deal | Company News - Business StandardUjjval JauhariMay 20, 2018
• thehindubusinessline.comUltraTech acquisition of Century’s cement unit gets analysts’ thumbs up - The HinduBusinessLineThe HinduBusinessLineMay 22, 2018
• ultratechcement.comDemerger of Cement Business of Century Textiles and Industries Limited into UltraTech Cement LimitedJun 1, 2018
• mnacritique.mergersindia.comUltraTech acquires Century Textiles' cement business | M&A CritiqueAniruddha JainJun 18, 2018

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