Birla Corporation Ltd. has acquired Sanghi Infrastructure M.P. Limited, enhancing its raw material reserves and consolidating its cement operations in Central India.
Information on the Target
The target of this transaction, Sanghi Infrastructure M.P. Limited, is engaged in the cement industry in Madhya Pradesh. This company has been developing a cement project that is currently under construction, highlighting its strategic focus on expanding its operational capacity in the region. The shareholders of Sanghi Infrastructure opted for monetization to leverage significant value from their holdings.
As part of this agreement, RCCPL Private Limited, a wholly-owned subsidiary of Birla Corporation Ltd., has acquired a 100% equity stake in Sanghi Infrastructure M.P. Limited. This acquisition grants RCCPL the mining rights over an extensive area of 889.760 hectares located in Katni, Madhya Pradesh, which is crucial for cement production.
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Industry Overview in Madhya Pradesh
The cement industry in Madhya Pradesh is characterized by its significant growth potential, driven primarily by the region's robust infrastructure development and rising demand for cement. Madhya Pradesh is strategical
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RCCPL Private Limited
invested in
Sanghi Infrastructure M.P. Limited
in
in a Merger deal