India: Chettinad Cement has acquired a 20.58% stake in Anjani Portland Cement Ltd from its promoter KV Vishnu Raju. The acquisition was done in an off-market transaction and 37,84,014 shares were acquired by Chettinad Cement at US$1.054/share on 20 May 2014. After the transaction, Chettinad Cement's stake in Anjani Portland Cement rose from 20.58% to 41.16%.
Chettinad Cement increases stake in Anjani Portland to 41%
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