Latest Expert Exchange Queries

Make your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: VAT Audit :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: cpt :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: form 3cd :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment
 
 
« General »
 Accounting relief for IndAS companies
 How you can reduce your tax to zero if you have income within Rs 10 lakh
 NRIs’ overseas bank info needed only for tax refund
 Non-performance: I-T dept transfers 245 commissioners
 Income Tax efiling: Tax implications resulting from clubbing of income
 Guidelines for selection of cases for scrutiny during the financial-year 2017-2018-regd
  GST: How companies are gaming the system
 Goods And Services Tax transparency: Elimination of added taxes to boost investment in realty
 In a first, Income Tax department to charge govt official under new benami law
 Income Tax Return Filing: 10 common mistakes people make while filing return of income
 Income Tax efiling: A few essential facts for senior citizens to keep in mind

Cement mergers and acquisitions to get a PE boost
January, 21st 2016

The cement sector is set to witness significant M&A (mergers and acquisitions) activity with the participation of private equity players in the next two quarters, reports Deborshi Chaki in Mumbai. Assets worth R47,000 crore could be up for sale. While most of these transactions qualify as distressed asset sales and special situations industry, analysts believe that they will still fetch good premiums given the rising interest of potential buyers in the cement sector. Considered to be a performance indicator of the economy, cement demand in the country is expected to grow at a steady pace in the coming years, which in turn would lead to higher capacity utilisation of existing assets and translate into better margins and higher valuations for cement manufacturers. Potential buyers scouting for cement assets in India include marquee private equity names like Blackstone, Baring Asia and several large sovereign wealth funds.

The highest bid for Reliance Cement’s assets with 5.6 million tonne per annum capacity is close to $150 per tonne enterprise value that Reliance Infra is asking for. “There is a lot of interest among private equity players to enter the cement sector since it is directly pegged to GDP growth,” says Ajay Garg, managing director of Equirus Capital. “There is no dearth of cement assets right now and PE players may choose their right opportunity with a wait and watch approach says Sumit Banerjee, former vice-chairman of Reliance Cements.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Quality Assurance Services Testing and Re-testing

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions