#Business

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.

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