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Ultratech Cem

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AV Birla group to rename UltraTech Cemco

UltraTech CemCo, the AV Birla group acquired cement business of Larsen & Toubro, is set to be rechristened UltraTech Cement. The Birla group firm Grasim Industries concluded the acquisition for Rs......

Sensex at fresh 3-year low, ends down 165 points

The Sensex opened 67 points lower at 8,326 amid negative global cues. The index drifted to lower levels owing to unabated selling in banking, FMCG, realty and techonology stocks. The index dropped......

AV Birla takes over L&T cement firm

The Rs 27,000 crore (Rs 270 billion) Aditya Birla group on Tuesday became the largest cement player in the country through the acquisition of management control of UltraTech CemCo -- the demerged......

L&T re-listed, closes Day One at Rs 635 per share

The stocks markets have valued the engineering and construction business of Larsen & Toubro (at Rs 635 a share, Rs 395 more than what the Birlas will receive when they sell their 14.95 per cent......

Grasim to wrap up L&T cement arm buyout soon

Aditya Birla group's flagship Grasim Industries will take over the management control of UltraTech CemCo -- the demerged cement business of Larsen & Toubro -- in the next couple of months.D D......

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