Rajesh Kurup

While the past year was a good one for the cement industry with capacity addition and utilisation touching new highs, demand is expected to moderate in the current financial year.

However, IndusInd International Holdings (IIHL), a group firm through which the Hinduja Group had placed bids for RCap, now requires regulatory approvals for a proposed change in holding structure.

In September 2023, Burmans made an open offer to acquire an additional 26% stake in REL through four entities.

Novelis, the US subsidiary of Aditya Birla group firm Hindalco Industries, has filed a registration statement with the Securities and Exchange Commission (SEC) for its proposed initial public offering (IPO).

Mining major Vedanta (VEDL), a subsidiary of London-headquartered Vedanta Resources (VRL), intends to raise funds through various modes, including public offerings and rights issues and others.

Promoters of Cipla are looking to offload 2.53% stake worth Rs 2,637 crore in the company through a block deal in one or more tranches.

Jindal Stainless (JSL) has earmarked a capex of Rs 4,700 crore for FY25, a majority of which would be used for its proposed expansion plans.

Last week, Ashok P Hinduja had said that IIHL tied up the funds needed for the deal — of which 25% would be equity that would come from a subsidiary of IIHL, while the remaining 75% will be debt.

Pharmaceutical major Cipla 's promoters offloaded 2.53% stake in the company for about Rs 2,750 crore through block deals to create liquidity for activities including philanthropy.

Mining major Vedanta (VEDL), a subsidiary of London-headquartered Vedanta Resources (VRL), plans to raise up to Rs 8,500 crore through various modes, including public offerings and rights issues in one or more tranches.