CK BIRLA GROUP
Orient Cement shares zoom over 5% amid UltraTech’s plans of acquisition
UltraTech, led by Kumar Mangalam Birla, is in advanced talks to acquire Orient Cement from CK Birla for Rs 350-375 per share to counter Adani Cement, following a 23% stake in India Cements. Valued at Rs 6,417.51 crore or $109-110 per ton, Orient Cement's acquisition might finalize by July 19, pending Telangana expansion contingency.
Kumar Birla re-enters race to buy Orient Cement to consolidate Ultratech's Southern push
Talks between CK Birla and Adani said to be at standstill over valuation, mining clearances. Orient stock up 45% in last 1 month.
Orient Electric appoints Ravindra Singh Negi as Managing Director and CEO
Orient Electric, part of the $3 billion CK Birla Group, has appointed Ravindra Singh Negi as its managing director and CEO, effective May 31, 2024. Negi, with extensive experience in electrical consumer durables, will guide the company towards sustained growth. He will be based in New Delhi and succeed Deepak Khetrapal as managing director.
Multibagger tracker: 7 low-priced stocks double money in 6 months as FIIs raise stake
Low-priced stocks attract institutional interest, yielding multibagger returns within six months. Nitco leads with a 179% surge, followed by IFCI, Newtime Infrastructure, Unitech, Hindustan Motors, Cupid, and PVP Ventures.
CK Birla-promoted HIL acquires pipes brand Topline for Rs 265 crore
HIL Limited acquires Topline brand and four associated companies, expanding their presence in the PVC pipes segment. The acquisition nearly doubles their SKU offerings and provides access to patented technologies. It enhances their brand, presence in government projects, and strengthens their position in the Indian market.
Birlasoft eyes large clients to lead industry growth
Pune-based software services provider Birlasoft, part of the $2.9 billion CK Birla Group, recently bagged a $100-million-plus deal which was the “first in about three or four years” for the company.
Average pay for TISS summer interns jumps 7.63% for 2023-25 batch; Aditya Birla Group, Accenture, and ITC top recruiters
The 71-strong batch saw a median stipend of Rs 3 lakh and top stipend of Rs 4.5 lakh for the two-month internship. Average stipend for the batch was Rs 2.82 lakh, an increase of 7.63% over last year and 66 out of the batch of 71 received a stipend of Rs 2 lakh and above.
Mahindra top recruiter in Cluster 2 of IIM-Ahmedabad summer placements
The firms that participated in Cluster 2 for the PGP class of 2025 comprised seven cohorts - advertising and media, consumer electronics, consumer goods & durables, consumer services, conglomerates, retail B2B & B2C, and pharma and healthcare. "We saw a large pool of recruiters offering around 60 roles in the process," the institute said.
Adani Group set to refinance $3.5 billion debt taken for ACC-Ambuja buy
New 3 yr facility from a mega consortium of 18 banks will simplify debt structure, improve credit rating, boost cement sector growth plans while saving upto quarter of a billion dollars. Largest refinancing in APAC this year.
Orient Cement shares jump 9% as promoter CK Birla taps Adani for stake sale
The transition will trigger an open offer for an additional 26% stake in accordance with takeover laws, which mandate an incoming promoter or controlling entity to buy the additional shares from existing minority investors.
Orient promoter CK Birla taps Adani for cement business sale
Industrialist CK Birla has approached Gautam Adani to sell his promoter stake in Orient Cement after rejecting offers from other buyers. Birla's stake in Orient Cement is 37.9%, with a market value of ₹3,878 crore. The talks with Adani have been ongoing for the past few months, but there is no guarantee of a transaction. Birla's valuation demand, which is double the current market price, could be a deal breaker. Adani Cement recently acquired Sanghi Industries and currently has a total cement capacity of 110 MTPA.
CK Birla Group’s HIL to buy Fast Build Blocks
As per the agreement, HIL will buy the entire manufacturing, distribution and sales network of autoclaved aerated concrete (AAC) blocks and will take over the entire liabilities of the target company.
Neither Tata nor Adani, latest multibagger is a long-forgotten Birla stock
In the last financial year 21-22, the company had not reported any revenue from operations as against Rs 1.17 crore in FY21. The other income, however, jumped to Rs 14.58 crore against Rs 11.01 crore in FY21. The profit of the company jumped to Rs 18.65 crore against Rs 3.76 crore a year ago.
After a 900% rally, this multibagger lost 40% value from Jan high! What's next?
Analysts said Birlasoft's recent announcement of buyback of 78 lakh shares at a price of Rs 500 per share, aggregating Rs 390 crore, should be a near-term positive. An average price target on the stock at Rs 536, suggests a 48 per cent potential upside on the counter.
Exports take front seat in Citroen India strategy
Apart from sourcing components worth a billion dollars, Citroen will use India as a base for exporting cars to Africa, the Middle East and Asean to begin with, and eventually add left-hand drive markets as well. The whole C-Cube, or the Smart Car, programme is originating out of India. So, there is a huge dimension of engineering exports also from the country, said its top global executives, adding that this would help ensure best cost.
Birlasoft soars after company posts 43% jump in Q4 profit
The CK Birla Group company reported a 43.3 per cent rise in consolidated net profit at Rs 98.9 crore for the March 2021 quarter.
Orient Cement shares surge 10% after co posts two-fold jump in Q4 profit
The CK Birla group firm reported a net profit of Rs 99.87 crore for the fourth quarter of the last financial year.
HIL Q4 results: Reports net profit of Rs 41 cr, sales jump 52% to Rs 452 cr
Its revenue from operations was up 51.84 per cent at Rs 452.06 crore during the quarter under review as against Rs 297.72 crore in the corresponding period of the previous fiscal.
Market Movers: Realty shines, YES Bank jumps, 236 stocks turn overbought
The 50-pack could encounter another overhead resistance around the 11,500-11,600 zone in the next few sessions.
Load More
