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Indian Subcontinent



JSW makes takeover bid for Shiva Cement

JSW Cement is to buy out the company promoters’ 35.62% stake in Shiva Cement and launch an open offer for an additional 32% stake in the company.

 

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India cement production growth forecast downgraded

Ind-Ra has reduced its forecast for Indian cement production growth on the back of the country’s demonetisation programme. Higher fuel costs will further squeeze margins.