The leadership of a major cement company has assured employees that it will be business as usual for them despite a change in ownership. Employees were told that the ownership transition will not affect their careers, and that experienced and high-performing workers will continue to be recognized and rewarded.

Staff were reassured that there is no need to feel insecure or threatened, and that the company’s future remains strong. Employees were encouraged to continue working with full dedication, with the message that operations and policies will largely remain the same.

The acquiring cement company announced that it will acquire a 32.72% stake from promoters and associates for ?3,954 crore to expand its presence in the highly competitive Southern cement market. An open offer of ?3,142.35 crore has also been announced to acquire an additional 26% of the company from existing shareholders.

Reflecting on the company’s origins, the leadership noted that the early days of the cement business involved exploration and resource discovery, which laid the foundation for its long-standing operations.

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