Kesoram

UltraTech acquires India Cements for ₹3,945 crore

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UltraTech Cement, an Aditya Birla Group flagship, will purchase a 32.72 per cent stake in India Cements for ₹3,945 crore from the corporate’s promoters and its associates. The nation’s largest cement firm will make an open supply to India Cements shareholders at ₹390 a share after acquiring all regulatory approvals, mentioned the corporate in an … Read more

Ultratech – Kesoram acquisition: What’s in it for shareholders?

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Ultratech Cement, the biggest cement producer in India, continues to be in a consolidation mode. Put up market hours on November 30, the corporate introduced a share buy settlement to accumulate the cements enterprise of Kesoram Industries, in a 1:52 share swap ratio (no-cash transaction). The transaction would add a complete cement capability of 10.75 … Read more