Ultratech-India Cements Deal: Can be mutually beneficial for both companies, says Prabhudas Lilladher
UltraTech Cement, on June 27, announced that its board has approved the acquisition of a 23 percent equity stake in India Cements. UltraTech plans to purchase 7.06 crore shares of India Cements at ₹267 per share, bringing the total deal value to approximately ₹1,885 crore. The promoter group holds a 28.42 percent stake in India … Read more