Devki Group owns Simba Cement,  National Cement, ARM Cement and Cemtech. It has spent over Ksh6 Billion in an expansion plan over the past few years including on the acquisition of Cemtech and ARM Cement.

Business tycoon Narendra Raval's National Cement Company has bought ARM Cement's assets for US$50 million (Ksh 5 billion), its administrator was quoted by Reuters news agency as saying on Tuesday. ARM Cement was put under administration in August last year by some of its creditors...

ARM Cement will not file its financial results in time. The cement manufacturer, which is currently under administration, received approval from the Capital Markets Authority (CMA) to delay publishing its financial results. Through ARM Cement's administrators, the company announced that its financial statements will be ready...

The bourse says move aimed at allowing the cash strapped company to turnaround its fortunes

Administrators want to keep debt laden ARM Cement afloat by asking creditors to approve their plan

Trading of company's shares suspended days after executive wing lost control of the company's operations