India Cements
India Cements Promoter N Srinivasan Steps Down as UltraTech Completes Acquisition
The Aditya Birla Group firm has completed the acquisition of 10.13 crore equity shares of India Cements Ltd (ICL), representing 32.72 per cent of the equity share capital of the company.
UltraTech Cement Adjusts Acquisition Plan, Targets 25% Stake in RAKWCT
The company will acquire 12.50 crore shares of RAKWCT, which is lower than the proposed 15.80 crore shares in an earlier offer. A filing on Tuesday confirmed about the transaction by UltraTech Cement Middle East Investments Ltd (UCMEIL), its wholly owned subsidiary in UAE.
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