The India Cements Ltd has entered into a Share Purchase Agreement for acquiring the entire shareholding of Springway Mining Private Limited, in a phased manner, with an objective of setting-up of a Cement Plant in the State of Madhya Pradesh.
The company has acquired the controlling stake of 51% in the paid-up equity share capital of Springway Mining Private Limited on 03.12.2018, thereby Springway Mining Private Limited has become subsidiary of our Company.
Shares of INDIA CEMENTS LTD. was last trading in BSE at Rs.97 as compared to the previous close of Rs. 93.75. The total number of shares traded during the day was 464097 in over 1787 trades.
The stock hit an intraday high of Rs. 98 and intraday low of 93.25. The net turnover during the day was Rs. 44598767.