Current Affairs - Business - Discussion

UltraTech Cement, part of the Aditya Birla Group, is acquiring a 32.72% stake in India Cements for ₹3,945 crore. This acquisition, which includes an open offer to shareholders at ₹390 per share, will strengthen UltraTech’s position in the Southern markets and support its goal of surpassing 200 MTPA in total cement capacity. This strategic move follows an earlier investment in India Cements and aligns with UltraTech's broader strategy to expand its footprint in the cement industry.