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News UltraTech Cement secures approval to acquire Kesoram Industries' cement business

UltraTech Cement secures approval to acquire Kesoram Industries' cement business

Written by Global Cement staff 20 March 2024
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India: UltraTech Cement says that the Competition Commission of India has approved its proposed acquisition of Kesoram Industries’ cement business. The Business Standard newspaper reported that the demerger of the business from Kesoram Industries into UltraTech Cement is scheduled for November 2024. The deal has an enterprise value of US$914m.

Last modified on 20 March 2024
Published in Global Cement News
Tagged under
  • India
  • UltraTech Cement
  • Aditya Birla
  • Kesoram Industries
  • Kesoram Cement
  • Acquisition
  • GCW651
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