UltraTech Acquires 32.72% Stake in India Cements for ₹3,954 Crore.

Economy Business

UltraTech Cement has signed an agreement to acquire an additional 32.72% stake in India Cements for ₹3,954 crore. This move will significantly increase UltraTech’s ownership in India Cements, strengthening its position in the Indian cement market. The acquisition aligns with UltraTech’s strategy to expand its market presence and consolidate its foothold in key regions. This strategic investment underscores UltraTech's commitment to growing its business and enhancing its competitive edge. The deal is expected to provide long-term benefits by leveraging synergies between the two companies and capitalizing on the expanding demand in the construction sector.


      The acquisition enhances UltraTech’s control over the cement market and expands its operational footprint across India.

      This strategic move aims to boost UltraTech’s market share and strengthen its competitive positioning in the sector.

     

 

     


About UltraTech,

Founder: Kumar Mangalam Birla
Headquarter : Mumbai
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