UltraTech

UltraTech BoD approved more 32.72% acquisition of India Cement | Both Stock to Watch

by
UltraTech BoD approved more 32.72% acquisition of India Cement

UltraTech Cement Limited, Board of Directors approved the acquisition of a 32.72% equity stake in India Cements Limited from the promoters and their associates. This is in addition to their earlier purchase of a 22.77% stake in June 2024. The acquisition, valued at Rs 3954 crores for the 32.72% equity at Rs 390 per share, Read more: UltraTech BoD approved more 32.72% acquisition of India Cement | Both Stock to Watch..

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

by
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..