UltraTech’s India Cements stake buy a win-win for both. Here’s what analyst said on industry consolidation

June 28, 2024

UltraTech Cement’s Rs 1,885 crore stake purchase in India Cements is expected to be mutually beneficial for both companies and would consolidate its position in South India at a time when the Adani Group’s acquisitive spree is intensifying competition between the two players.

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