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 will enhance UltraTech's presence in Southern markets and aligns with its goal of reaching 200+ MTPA capacity by 2028. The deal, pending regulatory approvals, will…