Ultratech Buys 23% Stake In India Cement! What Does It Mean For The Cement Sector?

In a major move within the cement industry, UltraTech Cement has acquired a 23% stake in The India Cements Limited. This strategic investment involves the purchase of up to 7.06 crore equity shares at Rs. 267 per share. Approved by UltraTech's Board of Directors on June 27, 2024, this acquisition is purely financial. Watch this video to know how the news has impacted the shares of these companies and expert's take from here onward on these cement stocks.