cement | inves4: Indian Equity Investing

UltraTech acquires majority in India Cements

Consolidation in the Indian cement industry continues. UltraTech (UCL) has announced further stake acquisition in India Cements (ICL). Last month it had acquired 23% stake in ICL from investor Radhakishan Damani for Rs 1885 cr @ an average price of Rs 277/ share Now it is acquiring further 32.7% stake from the promoters of ICL … Read more

Adani Group prepares $3 billion war chest to dethrone Aditya Birla Group’s UltraTech Cement

Adani Group looks to dethrone UltraTech Cement: The Adani Group is actively considering the acquisition of multiple cement companies, including Penna Cement, Saurashtra Cement, the cement business of Jaiprakash Associates, and Vadraj Cement owned by ABG Shipyard. This move aligns with the expected surge in demand for cement due to the government’s infrastructure development plans … Read more