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Announced

Completed

JSW Cement completed the acquisition of Springway Mining from India Cements for $58m.

Financials

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Transaction Value£51m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Domestic

Completed

Acquisition

quarrying

India

Private

Majority

Friendly

Diversified Materials

Single Bidder

Synopsis

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JSW Cement, an eco-friendly cement company, completed the acquisition of Springway Mining, a mining services provider, from India Cements, a cement manufacturing company, for $58m. "This is to inform you that our company has entered into a Share Purchase Agreement on 10.10.2022 with JSW Cement Limited and divested the entire shareholdings held by it in Springway Mining(SMPL), for a total consideration of $58m," India Cements.

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