UltraTech Cement acquires majority stake in India Cements

The board of UltraTech Cement, owned by the Aditya Birla Group, has approved the acquisition of a 32.72% equity stake from the promoters and their associates in India Cements. UltraTech had previously invested in India Cements to buy a 22.77% stake at Rs 268 per share in June 2024.