UltraTech Cement Buys Major Stake in India Cements

UltraTech Cement has acquired a 20% stake in India Cements for approximately Rs 1,600 crore through block deals. This significant investment indicates UltraTech's strategic expansion in the cement industry. The deal highlights UltraTech's commitment to strengthening its market presence and capitalizing on the growing demand for cement in India. This acquisition is part of UltraTech's broader expansion plans, which include substantial investments and capacity increases over the next few years

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