The Competition Commission of India has approved UltraTech Cement's acquisition of a 32.72% stake in India Cements for ₹3,954 crore.

Earlier, the UltraTech Cement's Board of Directors had approved acquiring a 32.72 per cent equity stake in India Cements Limited from its promoters and their associates. This follows UltraTech's investment in June 2024,

Competition Commission of India (CCI) has approved UltraTech Cement's acquisition of a majority stake in India Cements. UltraTech will acquire a 32.72

The Competition Commission of India approved UltraTech Cement's Rs 7,000-crore acquisition of a majority stake in India Cements Ltd., enabling UltraTech to consolidate its market lead. The deal comes amid fierce competition from the Adani Group,

The Competition Commission of India has approved UltraTech Cements acquisition of a majority stake in India Cements for over Rs 7,000 crore, enhancing market position.

UltraTech Cement has received CCI approval to acquire a majority stake in India Cements, expanding its footprint in the southern cement market. The deal includes a 32.72% stake acquisition and a subsequent open offer.

CCI Approves UltraTech Cement's Acquisition of India Cements - Competition Commission of India has given a nod in the form of an approved acquisition to UltraTech

The Competition Commission of India (CCI) on Friday cleared billionaire Kumar Mangalam Birla-promoted UltraTech Cement's proposal to acquire a majority stake in India Cements. "The proposed combination envisages UltraTech Cement Ltd's (UltraTech/acquirer) acquisition of 32.

The Competition Commission of India has approved UltraTech Cement's plan to acquire a majority stake in India Cements. UltraTech, a leader in India's cement market, aims to expand its presence in the southern region by purchasing 32.

UltraTech Cement has also made an open offer to acquire further 26% stake in India Cements from public shareholders for ₹3,142.35 crore.