UltraTech Cement has received approval from the NCLT to acquire Kesoram's cement assets, following a share purchase agreement announced in November. This acquisition will enhance the Aditya Birla group's presence in southern markets, with plans for a capital expenditure of Rs 400-500 crore for efficiency improvements at the facilities. Additionally, the board has approved the issuance of unsecured non-convertible debentures (NCDs) to raise Rs 1,000 crore through private placement.
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