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Sagar Cements May Sell Stake In Joint Venture With Vicat

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Sagar Cements has decided to sell its entire 47 per cent stake in the joint venture, Vicat Sagar Cement, to its French partner. The board of directors has approved the sale at a total price of Rs 435 crore. Sagar Cements and France-based Vicat Group had entered into a JV in June 2008 to set up a 5.5 million tonne cement plant at Gulbarga in Karnataka. Jul 16, 2014018332Sagar Cements today said its board of directors has approved the sale of its entire 47 per cent stake in Vicat Sagar Cement Private Limited for Rs. Sagar Cements is set to sell its 47 per cent stake in the joint venture Vicat Sagar Cement to the Vicat Group. In this regard, the companys board will consider the sale of its investment in the plant located at Chatrasal, Gulbarga district of Karnataka, at a board meeting on July 15. India Sagar Cements plans to sell its 47 stake in the joint venture company Vicat Sagar Cement to Vicat Group. Sagar Cements board will consider the sale of its investment in the plant located at Chatrasal, Karnataka, at a meeting on 15 July 2014. Sagar Cements had invested US14.3m in the first phase of the plant with 2.75Mtyr capacity. Sagar Cements has decided to sell its entire 47 stake. Hyderabad-based Sagar Cements Limited has decided to sell its entire 47 stake in the joint-venture Vicat Sagar Cement Private Limited to its French partner at a total price of Rs 435 crore, over five times of its equity investment. Sagar Cements Ltd has denied reports that it is in talks to sell its 47 per cent stake in its Vicat Sagar joint venture. Mar 19, 2014018332HYDERABAD Frances Vicat has started talks with its JV partner to buy the 47 stake it does not own in Vicat Sagar Cement in a deal that is likely to value the company at around Rs 4,100 crore, two people familiar with the development said. Jun 28, 2018018332Sagar Cements may sell stake in joint venture with Vicat.... Franceamp8217s Vicat buys 51 stake in Bharathi Cement. 2 min read. 20 Apr 2010. Sagar Cements May Sell Stake In Joint Venture With Vicat 201475 Hyderabad Cement maker Sagar Cements Ltd on Friday said it was planning to exit its joint venture JV Vicat Sagar Cement Pvt Ltd The board will meet on 15 July to consider the sale of its See Details. Sagar Cement completes sale of joint-venture stake 08 September 2014, Published under Cement News Sagar Cements has completed the sale of its stake in Vicat Sagar Cement, therefore formalising its exit from the joint-venture company. In mid-July an agreement had been reached whereby Sagar Cements would sell its entire 47 per cent stake in the collaboration to Vicat for INR66. Sep 25, 2014018332Earlier in July, Sagar Cements struck a deal to sell its entire stake in its joint venture JV Vicat Sagar Cement Pvt Ltd to France-based Parficim SAS, an affiliate of Vicat SA, for Rs 435 crore 72.3 million. This transaction was completed recently. Sagar Cements and The Vicat Group had entered into this joint venture in June 2008, with the objective of setting up a 5.5 million tonne plant in Gulbarga, Karnataka. The first phase of this facility, capable of producing 2.75 million tonnes was completed in December 2012 with the commencement of production in January 2013. Aug 14, 2014018332Sagar Cements May Buyout BMM Cements.... Sagar Cements has sold 47 stake in French joint venture unit Vicat Sagar Cement Ltd for about Rs 4. Jun 26, 2008018332French cement maker, Vicat has made announcement that the company has entered into a joint venture agreement with Sagar Cements to build a 625 million cement plant at Gulbarga in the Indian state of Karnataka. In the joint venture named Vicat Sagar, Vicat will hold 51 percent shares, and Sagar Cmenets will hold 49 percent. Vicats journey in India began when it entered into a joint venture with Sagar cements in 2008 for 53 stake. The jointly owned company started its first production line with capacity for 2.75 million tons per year at the end of 2012. The joint venture was renamed as Kalburgi cements in 2015 after 100 stakeholding by the group in 2015. Industry Cement Sagar Cements Ltd Industry overcapacity eats into margins Sagar Cements Ltd Sagar is an Andhra Pradesh-based cement manufacturer with a grinding capacity of 2.35 mtpa. In FY08, it entered into a joint venture JV with Vicat SA of France to set up a 5.5 mtpa fully-integrated cement plant in Karnataka. Jul 23, 2014018332It currently has annual cement capacity of over 11.5 MT. It would also make it a strong regional player in southern market. In this space, most recently, Sagar Cements Ltd said it is selling its entire stake in its joint venture Vicat Sagar Cement Pvt Ltd to France-based Parficim SAS, an affiliate of Vicat SA, for Rs 435 crore 72.3 million. Get latest Sagar Cement NewsUpdates and ResultsAnalysis. Also get Sagar Cement ShareStock detailed Information on Sagar Cement along with top stories and articles on Sagar Cement. Sagar cement in tandur whit starts productionsagar cement in tandur whit starts productionCement process crusher solutions vi sagar plant gulbarga vi sagar cements pvt ltd tandur vicat sagar cement plant sagar cements vicat of france plan joint hyderabad june 24 sagar cements ltd and vicat sa of france will together set up a 5 million, cement process crusher solutions vi sagar plant gulbarga. Financing For The Vicat Sagar Greenfield Cement Plant In. Mar 12, 2018nbsp018332french euro 2.5 billion cement giant vicat group will invest rs 1,735crore 223 million euros in the indian cement sector involving both brownfield expansions and greenfield projects. Aug 14, 2014018332HYDERABAD Hyderabad-based Sagar Cements is in talks to buy Bangalore-headquartered BMM Cements as it looks to invest the money it made by cashing out of a joint venture with Frances Vicat, two people aware of the plan told ET. Jan 17, 2013018332Vicat group, which had 2.3 billion euros in revenue last year, in April 2010 acquired a controlling stake in Andhra Pradesh politician YS Jagan Mohan Reddys Bharathi Cement and earlier joined hands with Hyderabad-based Sagar Cements for 53 stake in a joint venture. The joint ventures 2. Mar 19, 2014018332MANews-C2009-2014 19 March 2014 - French construction sector player Vicat SA EPAVCT is holding discussions to buy the 47 stake the company does not already own in its Indian joint venture with Sagar Cements Ltd BOM502090, the Economic Times reported today, citing people familiar with the development. Kalburgi cement private limited is a 100 owned subsidiary of vicat group in india.The company was established in 2008, as a joint venture vicat sagar cement pvt.Ltd.Between french cement major, vicat and sagar cements in india.Vicat held 53 stake and Get Price.

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