UltraTech Cement to acquire 23% stake of India Cements | Here’s Details & Impact

UltraTech Cement Ltd to acquire India Cement Ltd

UltraTech Cement, India’s largest cement producer, is set to acquire a 23% stake in India Cements Limited (ICL) for a total deal value of Rs.1,885 crore. This move will make UltraTech the second-largest shareholder in India Cements, after the founding family who currently holds a 28.5% stake. Key Details of Acquisition of India Cements by Read more: UltraTech Cement to acquire 23% stake of India Cements | Here’s Details & Impact..