{
The India Cements Limited

Companies

}
UltraTech Cement Faces CCI Scrutiny Over India Cements Acquisition Deal
UltraTech Cement has received a notice from the Competition Commission of India (CCI) regarding its proposed acquisition of a 32.72% stake in India Cements. The company, part of the Aditya Birla Group, is confident in its case, citing the competitive nature of the southern grey cement market, which includes over 35 manufacturers. Following the notice, UltraTech will respond within 15 days, and the CCI may further investigate the potential impact on market competition.
Moneycontrol
Indian Rupee The India Cements Limited UltraTech Cement Limited IND
Regulatory & Legal, News Article
11:59 07.12.2024
UltraTech Cement reports Q2FY25 earnings with target price of 12063
UltraTech Cement reported Q2FY25 earnings that surpassed expectations, with revenue at INR 156,347 Mn, down 2.4% YoY. EBITDA fell to INR 20,183 Mn, reflecting a margin decline to 12.9%, while PAT dropped 36% YoY to INR 8,200 Mn. The target price is set at INR 12,063, maintaining an "ACCUMULATE" rating due to strong growth potential.
Moneycontrol
Indian Rupee Kesoram Industries Limited UltraTech Cement Limited The India Cements Limited IND KR Choksey Show more
Finance & Economy, Market Report
06:50 23.10.2024
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