# Calcutta High Court rejects block to UltraTech Cement's acquisition of Century Textiles cement business

The Calcutta High Court rejected a plea for an injunction by MP Birla Group owners against the demerger process of Century Textiles and Industries' cement business, which is being acquired by UltraTech Cement.

- Type: Acquisition
- Announced: 2018-10-22
- Where: Rajasthan, India
- Value: $1.12B (80.2B INR)
- Status: completed
- Capacity: 6.25 million tonnes per year
- 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)
- [Binani Cement Limited](https://endata.com/companies/35605.md) (target)

## Sources

- [globalcement.com](https://globalcement.com/news?start=11092), 2018-10-23: "The Calcutta High Court has rejected a plea for an injunction by the owners of MP Birla Group into part of the acquisition process of Century Textiles and Industries by UltraTech Cement."
- [adityabirla.com](https://www.adityabirla.com/media/press-releases/binani-cement-limited-wholly-owned-subsidiary-ultratech/), 2018-11-21: "The Board of Directors of UltraTech at its meeting held on the 19th of November, have approved UltraTech’s proposal to form Binani Cement Limited (BCL) into a wholly-owned subsidiary of UltraTech from the 20th of November."

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