UltraTech Cement Shares: आदित्य बिड़ला ग्रुप की कंपनी अल्ट्राटेक सीमेंट के शेयर आज गुरुवार को कारोबार के दौरान फोकस में रहेंगे. दरअसल, कंपनी ने ऑफर फॉर सेल के जरिए द इंडिया सीमेंट्स में 6.49 परसेंट की अपनी हिस्सेदारी बेचने की तैयारी में है. अल्ट्राटेक सीमेंट लिमिटेड ने बुधवार को कहा कि कंपनी के डायरेक्टर्स और…
CHENNAI: India Cements is selling its subsidiary Industrial Chemicals and Monomers (ICML) to Mirai Sensing for Rs 97.7 crore. The company will enter into an agreement with Chennai-based Mirai Sensing and complete the sale within six months from the date of agreement, India Cements informed the stock exchange. India Cements board at its meeting, on…
CHENNAI/MUMBAI: India Cements’ new promoter, UltraTech Cement, will need to sell about 7 per cent of its stake, worth over Rs 667 crore, to meet the minimum public shareholding rules set by the capital market regulator. UltraTech currently owns about 82 per cent of India Cements, and the rules mandate that listed companies must have…
Ambuja Cements, part of the Adani Group, posted its highest-ever annual profit after tax (PAT) of Rs 5,158 crore, marking a 9% year-on-year rise. The cement maker also clocked in a record annual revenue of Rs 35,045 crore for the financial year ended March 31, 2025, up 6% from the previous year.Ambuja’s quarterly performance was…
CHENNAI: N Srinivasan (80) resigned as the vice-chairman & MD of India Cements on Wednesday, a day after the company became a subsidiary of UltraTech following the Aditya Birla Group company’s acquisition. He also ceases to be the CEO. His daughter Rupa Gurunath and wife Chitra Srinivasan also tendered their resignations as wholetime director and…
CHENNAI: Close on the heels of the Competition Commission of India (CCI) approving UltraTech Cement‘s acquisition of India Cements, the latter has announced that it has become a subsidiary of UltraTech. The development will facilitate UltraTech adding India Cements’ 14.5 million tonnes capacity spread across Tamil Nadu, Telangana, Andhra Pradesh, and Rajasthan to its consolidated…
NEW DELHI: The Competition Commission of India (CCI) on Friday cleared billionaire Kumar Mangalam Birla-promoted UltraTech Cement’s proposal to acquire a majority stake in India Cements. “The proposed combination envisages UltraTech Cement Ltd’s (UltraTech/acquirer) acquisition of 32.72 per cent of the paid-up equity share capital of India Cements Ltd (India Cements/target) from the promoters and…