29
Jul
Share price of UltraTech Cement rose by over one per cent in early trade on Monday after the company announced the acquisition of 32.72% stake in India Cements. Meanwhile, share price of India Cements also rose by about 3% on BSE.Aditya Birla Group-owned UltraTech Cement said its board of directors has approved the acquisition of 32.72% equity stake of promoters and their associates in India Cements at ₹390 per share for ₹3,954 crore. This price is 4.1% higher than the closing price of India Cements shares of ₹374.60 last Friday.In June 2024, UltraTech had made a financial investment in South…
