JSW Cement Limited is close to buy out the entire 37.15% promoters' stake, including that of ACC Limited (NSEI:ACC)which owns 12.65% stake in Shiva Cement Limited (BSE:532323). After acquiring a majority stake in Shiva Cement, JSW Cement will make an open offer to acquire further 20% stake. JSW Cement has piped Shree Cement Limited (BSE:500387), which has also shown interest to acquire stake in the Shiva Cement.
Market Closed -
Other stock markets
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5-day change | 1st Jan Change | ||
49.53 INR | +0.86% | -2.33% | -6.88% |
25/04 | Shiva Cement Limited Reports Earnings Results for the Fourth Quarter Ended March 31, 2024 | CI |
25/04 | Shiva Cement Limited Reports Earnings Results for the Full Year Ended March 31, 2024 | CI |
Stocks mentioned in the article
Price
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Change
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5d. change
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Capi.
| ||
---|---|---|---|---|---|
27,907 INR | +1.05% | +0.47% | 11.92B | ||
2,716 INR | +0.75% | +1.12% | 6.06B | ||
1st Jan change | Capi. | |
---|---|---|
-6.88% | 173M | |
+27.29% | 52.63B | |
+10.31% | 16.98B | |
-7.58% | 14.69B | |
-2.61% | 11.92B | |
+21.13% | 7.89B | |
-2.01% | 7.88B | |
+37.40% | 7.53B | |
+105.28% | 7.02B | |
+22.82% | 6.06B |
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- JSW Cement Reportedly To Buy Shiva Cement, Open Offer Likely