Ultratech Cement Acquires Kesoram Cement Business

  • Competition Commission of India (CCI) approves the acquisition of Kesoram Cement Business from Kesoram Industries Limited by UltraTech Cement Limited. 
  • The acquisition pertains to the grey cement business of Kesoram Industries Limited. 
  • UltraTech Cement Limited, a subsidiary of Grasim Industries Limited, is involved in manufacturing and selling grey cement, white cement, ready-mix concrete, clinker, and building products. 
  • Kesoram, engaged in the Kesoram Cement Business, is not part of the Proposed Combination. 
  • Further details of the CCI’s decision will be issued soon.
Posted in Current Affairs.