UltraTech Cement Gets CCI Clearance for India Cements Acquisition

The Competition Commission of India (CCI) on Friday approved UltraTech Cement’s proposal to acquire a majority stake in India Cements.
The acquisition involves UltraTech Cement Ltd acquiring a 32.72 per cent stake in India Cements from its promoters and members of the promoter group, as well as Sri Saradha Logistics Pvt Ltd.
This move marks a significant step towards strengthening UltraTech Cement’s market position and expanding its footprint in the Indian cement sector.