RK Damani sells 6.91 cr shares of India Cements to UltraTech for ₹1,914 cr; stock falls 3%
Radhakishan Damani, the founder of DMart chain of hypermarkets, sold around 24% stake in India Cements to Ultratech Cement via block deals yesterday.
india cements
June 2024
February 2023
October 2022
UltraTech to acquire 23% stake in India Cements for ₹1,885 cr; stocks hit their 52-week highs
UltraTech to buy up to 7.06 crore equity shares of India Cements at ₹267 per share, amounting to ₹1,885 crore.
Cement stocks gain on hopes of GST cut; Ultratech, Ambuja, Orient rise up to 4%
Shares of Ambuja, UltraTech, Orient, JK Cement, India Cements, and HeidelbergCement climbed up to 4% amid hopes of a possible reduction in the GST rate on cement.
India Cements sells MP unit to JSW; Ambuja eyes Jaypee's cement biz
The consolidation in the country's cement sector comes months after the Adani family forayed into the cement industry.
