CCI sends notice to UltraTech Cement for its proposed acquisition of Chennai-based India Cements

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India’s Competition Commission is reviewing UltraTech Cement’s acquisition of India Cements for potential competitive impacts. UltraTech, already the country’s largest cement producer, has defended the deal, citing the fragmented southern market with numerous players.

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CCI sends notice to UltraTech Cement for its proposed acquisition of Chennai-based India Cements

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