The India Cements Ltd acquired Springway Mining, a company involved in mining and quarrying business paving the way for its expansion. “India Cements to acquire Springway Mining for Rs 183 crore, set up MP unit: The company’s decision to acquire Springway stems from the fact that it wants to enter the Uttar Pradesh market, considered to be a major cement…,” reported The Financial Express.

Assentio Legal advised The India Cements Ltd.

Shardul Amarchand Mangaldas also advised on the deal.

2018-10-28

Deal value: INR 183 crores (around $26m)

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