UltraTech Cement rises on getting CCI’s nod to acquire majority stake in India Cements

Ultratech Cement Ltd. | Cement & Construction Materials | Construction & Infrastructure | BSE: 532538 | NSE: ULTRACEMCO

23 Dec 2024 Evaluate

UltraTech Cement is currently trading at Rs. 11450.20, up by 25.50 points or 0.22% from its previous closing of Rs. 11424.70 on the BSE.

The scrip opened at Rs. 11585.40 and has touched a high and low of Rs. 11585.40 and Rs. 11364.65 respectively. So far 1798 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 12143.90 on 16-Dec-2024 and a 52 week low of Rs. 9250.10 on 19-Apr-2024.

Last one week high and low of the scrip stood at Rs. 12143.90 and Rs. 11364.65 respectively. The current market cap of the company is Rs. 332443.03 crore.

The promoters holding in the company stood at 59.99%, while Institutions and Non-Institutions held 32.10% and 7.41% respectively.

UltraTech Cement has received Competition Commission of India’s (CCI) nod to acquire a majority stake in India Cements. The key approval comes less than two weeks after the regulator had issued a show cause notice to UltraTech seeking clarification on the proposed deal, that will help consolidate its market lead amid rising competition posed by Adani group, which is scaling up capacity with acquisitions.

The proposed combination envisages UltraTech Cement's (acquirer) acquisition of 32.72 per cent of the paid-up equity share capital of India Cements (target) from the promoters and members of the promoter group of India Cements and Sri Saradha Logistics. CCI also granted its clearance to UltraTech Cement to acquire up to 26 per cent of the paid-up equity share capital of India Cements by way of an open offer.

UltraTech Cement is the largest manufacturer of grey cement, Ready Mix Concrete (RMC) and white cement in India.

Ultratech Cement Share Price

11948.20 -196.25 (-1.62%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Ultratech Cement	11948.20
Ambuja Cement	444.25
ACC	1392.00
Shree Cement	25437.05
Dalmia Bharat	1830.30
View more..

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