UltraTech, a major cement player, is set to acquire a 23% stake in India Cements for ₹1,885 crore. The deal values India Cements at ₹267 per share, with UltraTech investing ₹1,870 crore. India Cements has a cement capacity of 14.45 MTPA, mainly in South India markets. The acquisition is part of a sector consolidation trend, intensifying competition in the industry.
#UltraTechCement stake buy to pave way for #IndiaCements buyout, say analysts.
#UltraTech buys 23% stake in #IndiaCements https://t.co/2YISqvADxN
Birlas-owned UltraTech buys 23% in India Cements, triggers speculation of takeover https://t.co/7cNtDd1dKH
#UltraTechCement to buy 23% stake in #IndiaCements from Radhakishan Damani and his associated entities.
Damani sells 6.91 cr shares of India Cements to UltraTech for Rs 1,914 cr in block deal https://t.co/Vq8PmdvCiI
News Alert | India Cement Block Deal: UltraTech Cement bought 7.05 cr shares at Rs 267.74/sh @UltraTechCement https://t.co/8dWE6RF6pk
#UltraTech Cement will acquire a 23% stake in #IndiaCements. This will place the company in a significant position within the the South India-based cement maker.
Besides RIL & IT Stocks, UltraTech, NTPC & Kotak Bank lift Nifty as well UltraTech surges 5% following 23% stake acquisition in India Cements India Cements builds on to Wednesday’s gains, rises 13% after UltraTech Deal
#UltraTech Cement to Acquire 23 pc in India Cements for a Whopping Rs 1,885 Crore https://t.co/rSkEJ2RD5f
#UltraTech buys an #IndiaCement stake as cement makers may benefit from PM #NarendraModi's third term, with infrastructure spending expected to increase https://t.co/QOTZ02nxUw
#JustIn | UltraTech Cement: Out of the total 23% stake in India Cement company approved acquiring up to 3.4% stake at ₹285/sh Alert: Company acquired 6.02 shares aggregating to 19.44 % at ₹267/sh https://t.co/DjeR8lBFqr
UltraTech Cement: Out of the total 23% stake in India Cement company approved acquiring up to 3.4% stake at ₹285/sh Alert: Company acquired 6.02 shares aggregating to 19.44 % at ₹267/sh https://t.co/cnWpn0Slzk
UltraTech Cement: Out of the total 23% stake in India Cement company approved acquiring up to 3.4% stake at ₹285/sh https://t.co/3wyHYJJTrj
Stocks In News | UltraTech Cement: Out of total 23% stake in India Cement co approved acquiring up to 3.4% eq shares at price of ₹285/sh @UltraTechCement @TheIndiaCements https://t.co/i3qeyD6Ogg
UltraTech approves acquisition of a 23 per cent stake in India Cements Limited for Rs 1,885 crore. India Cements is a major player in South India's cement sector with a 15.5 MT capacity. https://t.co/1W24lNVyTT
UltraTech Cement, India Cements surge to 52-week highs following acquisition announcement https://t.co/L9JstYwqGf . . . #UltraTechCement | #Cement | #acquisition | #Indiacements | #RepublicBusiness | #RepublicTVLive | #RepublicTV
UltraTech to buy $226 mln stake in India Cements as Adani challenge mounts https://t.co/02YqwVUt1A https://t.co/ZZ4XboRHxB
#UltraTech Cement will acquire a 23% stake in #IndiaCements. This will place the company in a significant position within the the South India-based cement maker. Is a potential hostile takeover brewing in India Cements? Here's an analysis 👇 https://t.co/uoU4iX9KrQ…
🚨Potential hostile takeover by UltraTech brewing in India Cements? Will be interesting to see what N Srinivasan will do. Will Ultratech prevail or will Adani/JSW make a play? https://t.co/wWVyIeandv via @moneycontrolcom
Potential hostile takeover by UltraTech brewing in India Cements? Battle to watch out for as N Srinivasan finds himself in the Birla-Adani cement crossfire https://t.co/wWVyIeandv via @moneycontrolcom
UltraTech Cement said on Thursday it will acquire a 23% stake in Chennai-based India Cements @shinejac reports #ultratechcement https://t.co/pBYXkcehs0
ICYMI: @UltraTechCement to buy $226 mln stake in India Cements as Adani challenge mounts via @MukherjeeHritam @Reuters https://t.co/A5LMKa6pv9
Understand what UltraTech-India Cements deal means for the industry and investors @sonalbhutra @hormaz_fatakia #UltraTechCement #IndiaCements https://t.co/wQl54Z5L34
Understand what UltraTech-India Cements deal means for the industry and investors #UltraTechCement #IndiaCements https://t.co/wQl54Z5L34
#Cement stocks are zooming today!📈 The move comes on optimism after UltraTech Cement's board approved acquiring a 23% stake in India Cement. https://t.co/cas7dgVRml
UltraTech Cement owned by billionaire Kumar Mangalam Birla, will acquire 23% stake in India Cements for about $226 million, intensifying consolidation in a sector that’s crucial for the country’s infrastructure development https://t.co/LPp1DErrmW
#UltraTechCement will buy 23% stake, or 7.06 crore shares, in N Srinivasan's #IndiaCements.
Major action happening in Chennai Super Kings' owner! UltraTech to buy 23% stake in India Cements for an estimated Rs 1,885 crore; shares sold in block deals https://t.co/RhhJwNt3m7 via @moneycontrolcom
#INDIACEM India Cements soars 10% after UltraTech Cement announces acquisition of 23% stake! UltraTech to buy 7.06 crore shares at Rs 267 per share. Deal to close in 1 month.
UltraTech Cement to buy 23% stake in India Cements for Rs 1,885 cr. To know more, read @shinejac's report #ULTRATECH #UltraTechCement #indiacements #Stakesale https://t.co/pBYXkcdJCs
UltraTech Cement buys 23% stakes in India Cements - Check buying price https://t.co/NvsvdRsA84
India's UltraTech Cement buys stake in India Cements for $226 mln https://t.co/LYbYIjz8Dh https://t.co/r2up4RGVQo
📢Big #Cement Deal | #UltraTechCement buys into #IndiaCements ⚡️UltraTech invests ₹1870 crore to buy 23% equity in India Cements at ₹267/share ⚡️India Cements has an overall cement capacity of 14.45 MTPA, majorly present in South India markets ⚡️At ₹267/share, UltraTech… https://t.co/1J1Xjh4fJw
📢Big #Cement Deal | #UltratechCement buys into #IndiaCements ⚡️UltraTech invests ₹1870 crore to buy 23% equity in India Cements at ₹267/share ⚡️India Cements has an overall cement capacity of 14.45 MTPA, majorly present in South India markets ⚡️At ₹267/share, UltraTech… https://t.co/ohzkDCKP8H
📢Big #Cement Deal | #UltratechCements buys into #IndiaCements ⚡️UltraTech invests ₹1870 crore to buy 23% equity in India Cements at ₹267/share ⚡️India Cements has an overall cement capacity of 14.45 MTPA, majorly present in South India markets ⚡️At ₹267/share, UltraTech… https://t.co/hXMClKR3Wq
📢Big #Cement Deal | #UltratechCements buys into #IndiaCements ⚡️Ultratech invests ₹1870 crore to buy 23% equity in India Cements at ₹267/share ⚡️India Cements has an overall cement capacity of 14.45 MTPA, majorly present in South India markets ⚡️At ₹267/share, Ultratech… https://t.co/uEePvhSCvP
COMING UP @ 11:00 AM | Ultratech to acquire 23% in India Cements— Dive into a riveting discussion with experts! #BNSN @SrishtiSharma_ @_sherylld https://t.co/uIwlVb9lGo
#UltraTech to spend ₹1,885 crore to acquire 23% stake in #IndiaCements https://t.co/Mn6EQfdYIu