# 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.

- Type: Acquisition
- Announced: 2018-05-21
- Where: India
- Value: $1.27B (86.2B INR)
- Status: announced
- Capacity: 13.4 million tonnes per annum
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Ultratech Cement](https://endata.com/companies/16256.md) (acquirer)
- [Century Textiles and Industries](https://endata.com/companies/28787.md) (target)
- [Century Textiles](https://endata.com/companies/31962.md) (target)

## Sources

- [business-standard.com](https://www.business-standard.com/article/companies/ultratech-buys-century-textiles-cement-business-through-a-share-swap-deal-118052000540_1.html), 2018-05-20: "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."
- [thehindubusinessline.com](https://www.thehindubusinessline.com/markets/ultratech-acquisition-of-centurys-cement-unit-gets-analysts-thumbs-up/article23961961.ece), 2018-05-22: "The board of the Aditya Birla Group firm last week approved a scheme of arrangement whereby the shareholders of Century would get one equity share of UltraTech of face value ₹10 each for every eight equity shares with face value ₹10 each."
- [ultratechcement.com](https://www.ultratechcement.com/corporate/media/press-releases/demerger-of-cement-business-of-century-textiles-and-industries-limited-into-ultraTech-cement-limited), 2018-06-01: "The Board of Directors of UltraTech Cement Limited approved a Scheme of Arrangement amongst Century Textiles and Industries Limited, the Company and their respective shareholders and creditors."
- [mnacritique.mergersindia.com](https://mnacritique.mergersindia.com/century-textiles-industries-demerger-ultratech-cement/), 2018-06-18: "The Board of Directors of Century Textiles and Industries Limited (Century) had approved a Scheme of Arrangement between the Century, UltraTech Cement Limited (UltraTech), and their shareholders and creditors for the demerger of its cement division into UltraTech."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.