UltraTech Cement’s ₹7,100 Crore Power Move: Major Stake in India Cements to Dominate Southern Market!
Summary UltraTech Cement is set to acquire a 32.72% stake in India Cements for ₹3,954 crore, triggering an open offer that could bring the total cost to ₹7,100 crore. This follows a recent investment of ₹1,889 crore for a 22.77% stake. India Cements has a capacity of 14.45 MTPA, mainly in Tamil Nadu and Rajasthan. The acquisition…
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July 28, 2024