ICL acquires Springway Mining Private Limited

Posted on:29 Oct 2018 13:09:22
ICL acquires Springway Mining Private Limited
29 October 2018 Current Affairs:

The India Cements Ltd. (ICL), a leading cement manufacturer, has signed a deal for the acquisition of Springway Mining Private Limited. The share acquisition is to happen in a phased manner. The transaction involves a total consideration of Rs.82.89 crore
Springway Springway, which is incorporated in 2010, has a paid-up capital of Rs.20 crore. It is engaged mainly in the mining and quarrying business. 
ICL had acquired it with an idea to set up a cement plant in Madhya Pradesh. ICL is planning a clinker grinding unit in East Nimar district of Madhya Pradesh. The proposed 1.5 million tonne unit is expected to involve an investment of a little over Rs.300 crore. 
Paid-up capital:
♦ Paid-up capital is the amount of money a company has received from shareholders in exchange for shares of stock
♦ Paid-up capital is created when a company sells its shares on the primary market, directly to investors

The India Cements Ltd. (ICL), a leading cement manufacturer, has signed a deal for the acquisition of Springway Mining Private Limited. The share acquisition is to happen in a phased manner. The transaction involves a total consideration of Rs.82.89 crore
Springway Springway, which is incorporated in 2010, has a paid-up capital of Rs.20 crore. It is engaged mainly in the mining and quarrying business. 
ICL had acquired it with an idea to set up a cement plant in Madhya Pradesh. ICL is planning a clinker grinding unit in East Nimar district of Madhya Pradesh. The proposed 1.5 million tonne unit is expected to involve an investment of a little over Rs.300 crore. 
Paid-up capital:
♦ Paid-up capital is the amount of money a company has received from shareholders in exchange for shares of stock
♦ Paid-up capital is created when a company sells its shares on the primary market, directly to investors




Daily Current Affairs Videos Video Link
24th April 2019 Current Affairs Video
23rd April 2019 Current Affairs Video
22nd April 2019 Current Affairs Video
20th April 2019 Current Affairs Video
19th April 2019 Current Affairs Video
Watch more Current Affairs Videos



Monthly Current Affairs

Fresherslive telegram Group

Current Affairs Section

Daily Current Affairs Quiz


Subscribe to Current Affairs

Enter your email to get daily current affairs
SUBSCRIBE

Currentt Affairs 2019 April

24 APRIL
NEWS
23 APRIL
NEWS
22 APRIL
NEWS
21 APRIL
NEWS

Currentt Affairs 2019 March

31 MARCH
NEWS
30 MARCH
NEWS
29 MARCH
NEWS
28 MARCH
NEWS

Currentt Affairs 2019 February

28 FEBRUARY
NEWS
27 FEBRUARY
NEWS
26 FEBRUARY
NEWS
25 FEBRUARY
NEWS




×

₹ 249

₹ 1000

Only 11 days left !