From Our Business Desk: Eastern Chronicle 24×7, The 21st December, 2024.
India’s antitrust watchdog approved UltraTech Cement’s Acquisition of India Cements.
Country’s cement sectors has seen a host of deals recently as billionaire Gautam Adani’s port-to-power conglomerate Aims to challenge UltraTech Cement’s pole position in the segment.
UltraTech Cement , a part of Aditya Birla group, signed a 475 US Dollars deals to gain Control of India Cements to bolster it’s position in Southern States, and help to meet it’s production targets 185 million metric tons per year.
This was an addition to an initial 23% stake UltraTech brought in India Cements.
