Anjani Portland shares acquired by Chettinad Cement

Chettinad Cement Corporation Ltd (CCCL) has recently purchased 20.58 per cent shares of Anjani Portland Cement from shareholders. The company has acquired 3784.014 shares through off market purchase for a price of Rs 61.75 per share. CCCL based in Chennai, had announced its plans to acquire Anjani Portland Cement, in March 2014. The purchase forms part of the company's strategy to increase its presence in the Andhra Pradesh market. Anjani Portland operates two plants in the Nalgonda district, Andhra Pradesh, with a production capacity of 1.2 mn tpa, and plans are also in place for the construction of a greenfield unit in Karnataka. Contact: Chettinad Cement Corporation. Tel: 044-2829 2727. Fax: 044-2829 1258. Website: www.chettinad.com