india cements owner

India Cements inks pact with JSW Cement to offload entire stake in SMPL

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India Cements

India Cements has inked share purchase agreement to offload its entire stake in Springway Mining (SMPL) to JSW Cement for a total consideration of Rs 476.87 crore. The company has received Rs 373.87 crore on October 10, 2022 and upon completion of certain conditions of the share purchase agreement, the buyer will release the balance … Read more

India Cements enters into agreement to acquire Springway Mining

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India Cements has entered into a share purchase agreement (SPA) for acquiring the entire shareholding of Springway Mining, in a phased manner, with an objective of setting-up of a Cement Plant in the State of Madhya Pradesh. The company has acquired the controlling stake of 51% in the paid-up equity share capital of Springway Mining … Read more

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