Tag: UltraTech cement

India cements acquisition: UltraTech Cement acquiring India Cements will not affect the running of CSK

July 29, 2024 admin

Photo used for representation purpose only. | Photo Credit: Reuters Following the news of UltraTech Cement acquiring India Cements’ promoters stake on Sunday, it was made clear the transaction will have no bearing on the IPL franchise, Chennai Super Kings. India Cements bought Chennai Super Kings when the IPL started in 2008, but in 2015,…

Sports

UltraTech enters into a pact with India Cements to buy additional 32.72% stake for ₹3,954 crore

July 28, 2024 admin

Aditya Birla Group Chairman Kumar Mangalam Birla. File | Photo Credit: Shashi Ashiwal Aditya Birla group-owned UltraTech on July 28 entered into a share purchase agreement with the promoters and their associates of India Cements Ltd to purchase 10,13,91,23 equity shares or 32.72% stake for ₹390 apiece totalling to ₹3,954 crore, subject to regulatory approvals….

Business