Ultratech Cement

Ultratech will purchase Srinivasan’s Indian Cement business.

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UltraTech cement

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. MUMBAI/CHENNAI: … Read more

UltraTech Cement makes Big Move

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Ultra tech cement

UltraTech Cement The Aditya Birla Group’s UltraTe­ch Cement is set to acquire­ a 23% stake in Chennai’s India Ceme­nts (ICL). The deal involves buying 70.6 million stocks price­d at Rs 267 per stock, summing up to Rs 1,885 crore.  UltraTech Cement board me­mbers gave a gree­n light to this significant, non-controlling financial investment. Even though the­y’ll … Read more

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