UltraTech Cement buys 23% stake in India Cements for ₹1,885 crore.
Strategic Acquisition Improves Market Position The board of UltraTech Cement, India’s largest cement company, authorized the acquisition of a 23% share in India Cements for ₹1,885 crore. UltraTech hopes to increase its market position and grow in the Indian cement business with this strategic initiative. Acquisition Details The deal entails buying 7.06 crore India Cements…