Anjani Portland Cement to acquire stake in Bhavya Cements

28 May 2021 CW Team

Anjani Portland Cement has entered a share purchase agreement with Bhavya Cements and its promoters for a controlling stake in the equity shares capital of the company at a provisional cost of Rs 51.53 per share.

The purpose of the purchase is to develop the market appearance of the organisation with the joining of a new brand. The takeover would enhance the cement manufacturing potential under the control of the company considerably. With the acquisition, the south Indian cement market, which is the most fragmented in the country with additional capacities, saw another round of consolidation. Key players in the market are Ramco Cements, UltraTech Cements, Chettinad and India Cements.

Some other significant mergers and acquisitions in the south Indian cement market in recent years include JP Associates (5 million tonne (mt)) by UltraTech, BMM (1 mt) by Sagar Cements, Shree Jayajothi (3.2 mt) by My Home and Anjani Portland (1.2 mt) by Chettinad.

Shares of Anjani Portland Cement were last trading in Bombay Stock Exchange (BSE)at Rs 304.85 compared to the previous close of Rs 298.3. The total number of shares sold throughout the day was 97,776 in over 3,342 trades.

Bhavya Cements was founded in 2007, with an aim to produce and market ordinary portland cement, sulphate resisting portland cement, portland cement for the production of railway sleepers, sulphate resisting portland cement, and portland blast furnace slag cement for use in coastal regions. The organisation recorded a turnover of Rs 303.90 crore in FY2019-20.

Image Source

Also read: Cement demand to grow 4-7% in FY22: CARE

Also read: Cement demand may surpass 340 mt in FY22: ICRA

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..