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India Cements completes acquisition of SMPL

  • Jun 29, 2022, 11.30 AM
  • DealMoney News Service

India Cements Ltd stated that it has completed the acquisition of the entire paid-up equity and preference share capital of Springway Mining (SMPL). 

SMPL has become a wholly-owned subsidiary  with effect from June 27, 2022. 

SMPL is in the process of setting up a cement plant in Madhya Pradesh.