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News UltraTech Cement to complete merger with Century Cement by September 2019

UltraTech Cement to complete merger with Century Cement by September 2019

Written by Global Cement staff 19 July 2019
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India: UltraTech Cement plans to complete its merger with Century Cement by September 2019. Chairman Kumar Mangalam Birla said the company has approval from shareholders, the Competition Commission and stock exchanges, according to the Mint newspaper. However, it still needs permission from the National Company Law Tribunal (NCLT).

The merger, which was first announced in May 2018, is a long running reorganisation of assets belonging to the Birla family. Once complete it is expected to give UltraTech Cement dominance in all regional markets with the addition of 13.4Mt/yr of production capacity in Madhya Pradesh, Chhattisgarh and Maharashtra.

Last modified on 24 July 2019
Published in Global Cement News
Tagged under
  • India
  • UltraTech Cement
  • Merger
  • Century Cement
  • shareholders
  • Competition Commission of India
  • National Company Law Tribunal
  • Madhya Pradesh
  • Chhattisgarh
  • Maharashtra
  • GCW415

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