India Cements promoter N. Srinivasan steps down as UltraTech completes acquisition

India Cements promoter N. Srinivasan steps down as UltraTech completes acquisition

A file image of N. Srinivasan | Photo Credit: PTI Leading cement maker UltraTech has completed the acquisition of promoters a 32.72% stake in India Cements Ltd, following which N. Srinivasan and other promoters of the South-based cement maker have stepped down. The Aditya Birla Group firm has completed the acquisition of 10.13 crore equity … Read more