📢Big #Cement Deal | #UltraTechCement buys into #IndiaCements

⚡️UltraTech invests ₹1870 crore to buy 23% equity in India Cements at ₹267/share

⚡️India Cements has an overall cement capacity of 14.45 MTPA, majorly present in South India markets

⚡️At ₹267/share, UltraTech equity investment is valued at $85/T on EV/T basis (lower than replacement cost)

#UltraTechCement acquired 19.44% stake of #IndiaCements at Rs 267/share.

#UltraTechCement commissions additional 3.35 MTPA clinker & 1.8 MTPA grinding capacity at its Tadipatri unit in #AndhraPradesh.

#UltraTechCement's #UAE unit completes acquisition of 54.4% stake in #RasAlKhaimah.

#UltraTechCement's open offer #IndiaCements to open on September 19, close on October 3: Exchange filing

#UltraTechCement raises $500 million through sustainability-linked financing: Exchange filing

#UltraTechCement to raise funds up to Rs 3,000 crore via bonds on private placement basis on November 15: Exchange Filing

#JustIn | #UltraTechCement board approves raising funds up to ₹1,000 cr via #NCDs

#UltraTechCement approves allotment of NCDs up to Rs 1,000 crore on private placement basis: Exchange Filing

#CCI approves #UltraTechCement’s acquisition of #IndiaCements: Press Release.

#JustIn | #UltraTechCement: To acquire 10.13 cr shares (32.72% equity) of India Cements held by the promoters & member of promoter groups

Makes an open offer for 8.05 crore shares (26% equity) at a price of ₹390/share from public shareholders

#UltraTechCement to acquire 26% stake in Clean Max Sapphire worth Rs 45.76 crore for company’s green energy needs: Exchange Filing.

#UltraTechCement completes acquisition of 32.72% stake in #IndiaCements.

#UltraTechCement to buy 8.7% equity of #StarCement worth up to Rs 851 crore.

#UltraTechCement buys a non-controlling minority 8.31% stake in #StarCement for Rs 765 crore.

#UltraTechCement gets #GST order worth 1 crore along with interest from #BhopalGovernment.

#UltraTechCement to extend presence in construction value chain.

#UltraTechCement commissions brownfield clinker capacity of 3.35 MTPA in Madhya Pradesh plant.

#Market opens in the green, #Nifty above 23,900 with #JSWSteel, #UltraTechCement, #KotakMahindraBank, L&T & #Grasim being the top gainers.

Market breadth firmly in the favour of advances, #NSE advance-decline ratio at 4:1

Cement stocks higher after positive brokerage note from CLSA, #UltraTechCement up 3%