UltraTech Cement gets CCI's clearance to acquire majority stake in India Cements
Friday, 20 December 2024 ()
Competition Commission of India (CCI) has approved UltraTech Cement's acquisition of a majority stake in India Cements. UltraTech will acquire a 32.72% stake from promoters and up to 26% through an open offer, strengthening its presence in the southern cement market. This deal, valued at over ₹7,000 crore, boosts UltraTech's market leadership.
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