+
CCI approves stake acquisition in JSW Cement by Synergy Metals
Cement

CCI approves stake acquisition in JSW Cement by Synergy Metals

Synergy Metals Investments Holdings stake acquisition in JSW Cement via green channel route has been approved by the Competition Commission of India (CCI).

Green channel is an automatic approval system in which a combination is deemed to have been approved by the CCI after the parties involved file a notice for the combination.

According to a combination notice filed with the regulator, the Acquirer proposes to acquire a minority equity stake in Target.

It said the proposed combination fits well with the acquirer's vision of investing in leading companies with attractive investment returns, citing the transaction's purpose.

The acquirer is Synergy Metals and Mining Fund I LP, the controlling entity's investment fund, which invests globally in the industrials, metals, and power sectors.

The regulator said in a tweet on Wednesday that Synergy Metals Investments Holding's Green Channel notice relating to the acquisition of an equity stake in JSW Cement was received by the Commission on Wednesday and has been approved.

JSW Cement provides environmentally friendly construction and building solutions through innovation in technology and sustainability. The company has grown exponentially since its inception in 2009 to become a major Green Cement manufacturer in India. Over the last 13 years, JSW Cement has increased production capacity of 14 mtpa with minimal industrial waste.

Image Source


Also read: JSW cement forays into ready mix concrete business

Synergy Metals Investments Holdings stake acquisition in JSW Cement via green channel route has been approved by the Competition Commission of India (CCI). Green channel is an automatic approval system in which a combination is deemed to have been approved by the CCI after the parties involved file a notice for the combination. According to a combination notice filed with the regulator, the Acquirer proposes to acquire a minority equity stake in Target. It said the proposed combination fits well with the acquirer's vision of investing in leading companies with attractive investment returns, citing the transaction's purpose. The acquirer is Synergy Metals and Mining Fund I LP, the controlling entity's investment fund, which invests globally in the industrials, metals, and power sectors. The regulator said in a tweet on Wednesday that Synergy Metals Investments Holding's Green Channel notice relating to the acquisition of an equity stake in JSW Cement was received by the Commission on Wednesday and has been approved. JSW Cement provides environmentally friendly construction and building solutions through innovation in technology and sustainability. The company has grown exponentially since its inception in 2009 to become a major Green Cement manufacturer in India. Over the last 13 years, JSW Cement has increased production capacity of 14 mtpa with minimal industrial waste. Image Source Also read: JSW cement forays into ready mix concrete business

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Perkins Begins Production of 5016 Power Generation Engine

Perkins has commenced production of its new 5016 full-authority electronic engine, completing its 5000 Series range of 6-, 8-, 12- and 16-cylinder engines. Manufactured in Stafford, UK, and Aurangabad, India, the range delivers up to 2,500 kVA of standby power and 2,250 kVA of prime power.The 61-litre V16 engine delivers 1,400–2,500 kVA at 50 Hz for base load, prime and standby applications. Designed for power generation, it supports critical infrastructure, including data centres, hospitals, airports and remote worksites.Engineered to meet ISO G3 and NFPA110 standards, the 5016 incorporates..

Next Story
Real Estate

JAPAN BUILD Tokyo 2026 Expects 35,000 Visitors

RX Japan GK will organise the 11th edition of JAPAN BUILD Tokyo at Tokyo Big Sight from 2–4 December 2026, with approximately 35,000 visitors expected from the building, construction and real estate sectors.The exhibition will bring together manufacturers, developers, contractors, architects, distributors and property owners. According to the organiser, 51.2 per cent of visitors hold managerial positions or above, providing exhibitors with opportunities to engage with procurement decision-makers. The previous edition attracted 33,618 visitors and 548 exhibitors.JAPAN BUILD Tokyo will feature..

Next Story
Infrastructure Urban

Magma Signs LOIs Worth Over Rs 8 Bn Across Industrial Businesses

Magma has signed Letters of Intent (LOIs) worth more than Rs 8 bn across its advanced materials, waste management, precision engineering and digital industrial solutions businesses.The company expects to execute around 70 per cent of the current LOI pipeline during FY27, providing visibility for the remainder of the financial year. The pipeline reflects rising demand from enterprise manufacturers and deeper engagement across Magma’s customer relationships.India’s industrial B2B trade is estimated at around USD 2 trillion. In precision engineering, imports account for 60-65 per cent of high..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code