CAM, Khaitan act on Adani Group buying controlling stake in ITD ...
1 day ago · 12 Nov 2024, 3:11 am. 2 min read. Renew EXIM DMCC (part of the Adani group) is acquiring 46.64% shares in ITD Cementation India Limited from Italian-Thai Development Public Company for approximately ₹5,757.9 crore. Cyril Amarchand Mangaldas (CAM) and Khaitan and Co acted on the transaction. CAM represented Renew Exim DMCC on its acquisition ...
Adani Group's Renew Exim buys 46.64% stake in ITD Cementation ...
Oct 26, 2024 · Adani Group unit Renew Exim DMCC has announced a definitive agreement to acquire a 46.64 percent equity stake in ITD Cementation India Ltd from Italian-Thai Development Public Company Ltd...
ITD Cementation retains revenue growth and order inflow target
5 days ago · ITD Cementation is on track to achieve the 15-20% revenue growth target this year, said Managing Director Jayanta Basu. Basu also spoke about the open offer by Adani Group-owned Renew Exim DMCC, which in October acquired a 46.64% stake from ITD promoter, Italian-Thai Development Company, at ₹400 per share. On July 3, ITD Cementation, a leader ...
ITD Cementation India Ltd (BOM:509496) Q2 2025 Earnings Call …
4 days ago · Positive Points. ITD Cementation India Ltd (BOM:509496) reported a significant year-on-year growth in total income by 24% for the quarter and 27% for the half-year. The company achieved a profit ...
Adani Group looks to acquire ITD Cementation, to buy 46.64
Oct 27, 2024 · Adani Group aims to acquire a 73% stake in ITD Cementation India for Rs 5,759 crore, enhancing its capabilities in EPC and civil engineering. This acquisition, following other recent buyouts, positions Adani strategically in infrastructure and renewable energy projects across India and neighboring countries.
ITD Cementation Share Price: ITD Cementation shares skyrocket …
Sep 20, 2024 · Shares of ITD Cementation surged 17.5% to Rs 553.70 on BSE in Friday’s intraday session as Adani Group became the leading contender to acquire the promoter's 46.64% stake in the company.
Explained: Why ITD Cementation shares surged 20% to hit all …
Oct 3, 2024 · ITD Cementation India Ltd shares soared to an all-time high on Thursday, surging 20% after the company announced it had secured a major Rs 1,937 crore order.
ITD Cementation promoter to sell 46.64% stake in company to
Oct 26, 2024 · ITD Cementation in a stock exchange filing on Saturday, October 26, confirmed that its promoter Italian-Thai Development Company will sell 46.64% of its stake to Renew Exim DMCC at ₹400 per equity share.
Adani Unit to Buy Stake in ITD Cementation for $381 Million
Oct 26, 2024 · Adani Unit to Buy Stake in ITD Cementation for $381 Million. Renew Exim DMCC to acquire Thai founder’s 46.64% stake. It will make an open offer for 26% stake in ITD Cementation.
Adani Group set to acquire 46.64% stake in ITD Cementation …
Sep 20, 2024 · The Adani Group is set to acquire a 46.64% stake in ITD Cementation India for Rs 5,888.57 crore to enhance its civil engineering capabilities. This acquisition will trigger an open offer for an additional 26% stake. A formal announcement is expected soon.