UltraTech to acquire India Cements; buy 32.72 pc promoters’ stake for Rs 3,954 cr

UltraTech to acquire India Cements; buy 32.72 pc promoters’ stake for Rs 3,954 cr

New Delhi: Aditya Birla Group flagship company UltraTech Cement will acquire a 32.72 per cent stake in India Cements from promoters and their associates in a Rs 3,954 deal to expand its footprint in the highly competitive and fast-growing Southern cement market, particularly Tamil Nadu. Besides, Ultratech has also announced a Rs 3,142.35 crore open … Read more