UltraTech acquires additional 32.7% stake in India Cements
With its 22.7% equity stake last month, UltraTech will now be a majority shareholder in India Cements, which has a stronghold in India’s southern states.
28 July, 2024•2 min
0
28 July, 2024•2 min
0
More in Business
Business
Ten business developments for 2026
Who’s going to lead the IPO party, what’s going to drive the market, where are some of the leading businesses headed, and more.
You may also like
Internet
Young consumer startups are forcing a reinvention of India’s FMCG giants
The country’s changing market dynamics are pushing consumer goods giants to acquire young startups. We look at why—and whether—it works for both sides.
Business
Is a revival underway at Asian Paints?
The company’s Q2 results show a belated revival in fortunes, suggesting an aggressive growth path in an industry shaken up by Grasim. The latter is feeling the pressure for the first time ever since it launched its paints business in 2024.
Business
EaseMyTrip Q1 announcements show obfuscation, more pointless acquisitions
The online travel aggregator’s growth struggles get worse, even as it announces worryingly pointless acquisitions instead of setting its house in order. There’s no respite for its public shareholders.