Followers

Sunday, July 28, 2024

UltraTech to buy Srinivasan stake in India Cements

Kumar Mangalam Birla cemented his position as India's top building materials maker by acquiring N Srinivasan's cement business for Rs 3,954 crore. UltraTech Cement's move includes a 33% stake in India Cements. This deal, pending regulatory approval, aims to expand UltraTech's reach in southern India, especially Tamil Nadu, enhancing its capacity and market presence.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/HD7qMun

No comments:

Post a Comment

Dow soars over 1,300 pts, Sensex 900 pts

Indian markets surged on Tuesday, with the Sensex closing above 80,000 points, fueled by a global rally following Donald Trump's victory...