India: JSW Cement has acquired a promoters' share in Shiva Cement and has also launched an open offer to acquire a 32% stake from public shareholders in the company. JSW Cement, with Sun Investments Private and Reynold Traders, has made an open offer to the public equity shareholders of Shiva Cement to buy up to a 32% share in the company at a value of US$12.8m. In late September 2016 promoters of Shina Cement held a 37.15% stake, while public shareholders held the remaining 62.85%, according to Indian media.
JSW Cement makes open offer to buy out Shiva Cement
Register for the 1st Global CemProcess Conference & Exhibition
24 - 25 April 2017, London, UK
Process optimisation in cement manufacture
The first-ever Global CemProcess Conference on process optimisation in the cement industry will take place in London in 24 - 25 April 2017 at the Hallam Conference Centre in the heart of London, and will Include a confirmed visit to Hanson Cement's Ketton cement plant on 26 April to see industry-best-practice case studies in action.