Followers

Sunday, July 28, 2024

UltraTech Cement to acquire majority stake in India Cements

UltraTech Cement has agreed to acquire a 32.72% stake in India Cements for Rs 3,954 crore. This move, raising UltraTech's total stake to over 55%, aims to boost its market presence in southern India. The acquisition supports UltraTech’s broader strategy of dominating the Indian cement market. Completion is pending regulatory approvals and is expected within six months.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/QsaVUz3

No comments:

Post a Comment

Foreign investors withdraw approximately Rs 20,000 crore in last 5 trading sessions

Foreign investors are pulling out of Indian equity markets due to high valuations and shifting focus towards China. Despite this, new FPI re...