CCI approves Ultratech Cement’s acquisition of India Cements

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UltraTech Cement got approval to acquire India Cements. The deal expands UltraTech’s presence in South India. UltraTech bought a 32.72% stake for Rs 3,954 crore. They also launched a Rs 3,142.35 crore open offer for another 26% stake. UltraTech, India’s largest cement producer, aims to reach 200 MTPA capacity. India Cements has a 14.45 MTPA capacity.

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CCI approves Ultratech Cement’s acquisition of India Cements

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