Orient Cement to pay more in interest post Jaypee deal
Japyee Cement's acquisition will give it a ready market in the eastern and central regions. It will also provide limestone reserves and fully operating plants. This will be beneficial over the long run.
Orient Cement-Jaypee deal: debt, other concerns weigh on the stock
The bottom line is deal will aid Orient Cement scale up, diversify and save on freight cost, but analysts expect it to take more than two years to become earnings per share accretive Clarifies on news item
With reference to news appeared in Economic Times dated October 6, 2016 stating "Orient in Talks to Buy Jaypee's 74% in Bhilai Cement for Rs 750 crore", Orient Cement Ltd has submitted to BSE a copy of Clarification is enclosed.
Orient Cement to buy two cement assets from Jaypee Group for Rs1,950 crore
The acquisition will also give Orient Cement access to the supply deficit markets of eastern India and Uttar Pradesh and a presence in central India as well Intimation for Conference Call
Orient Cement Ltd has informed BSE regarding "Intimation for Conference Call". Outcome of Board Meeting
Orient Cement Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 06, 2016, inter alia, has considered and approved the following;1. Considered and accorded its consent to acquire 28,09,66,000 (Twenty Eight Crore Nine Lakh and Sixty Six Thousand) equity shares of Bhilai Jaypee Cement Limited ("BJCL") (constituting 74% of the total equity share capital of BJCL) from Jaiprakash Associates Limited ("JAL")... Clarification sought from Orient Cement Ltd
The Exchange has sought clarification from Orient Cement Ltd on October 6, 2016, with reference to news appeared in Economic Times dated October 6, 2016 stating "Orient in Talks to Buy Jaypee's 74% in Bhilai Cement for Rs 750 crore"The reply is awaited. Closure of Trading Window
Orient Cement Ltd has informed BSE that as per Code of Conduct to regulate, monitor and report trading by Insiders in securities of Orient Cement Limited, framed pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in securities of the Company shall remain closed for all Designated Persons (including their Immediate Relative(s) and any other person for whom they take trading decisions) from October 03, 2016 till October 08, 2016. Credit Rating
Orient Cement Ltd has informed BSE that Credit Analysis & Research Limited has reaffirmed rating to instruments of Company. Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
ICICI Prudential Asset Management Company Ltd has submitted the disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011