cement

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

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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..

Ambuja Cement Acquired Penna Cement

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Adani Group: Ambuja Cement Acquired Penna Cement

Adani Group 3rd Acquisition in 2024 Ambuja Cements a part of the Adani Group, has acquired Penna Cement Industries Ltd (PCIL) at an enterprise value of Rs.10,422 crore. However, this acquisition will significantly increase Ambuja Cement’s capacity and market share, particularly in South India. Penna Cement acquisition is expected to give positive result to Adani Read more: Ambuja Cement Acquired Penna Cement..