India competition watchdog approves UltraTech Cement's acquisition of India Cements
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 20 2024
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Source: Reuters
Acquisition Approval: India's antitrust watchdog has approved UltraTech Cement's acquisition of India Cements for $472 million, aiming to strengthen its market position in southern India.
Market Dynamics: The cement sector is experiencing increased activity as Gautam Adani's conglomerate seeks to compete with UltraTech Cement, which aims to reach a production target of 183.5 million metric tons by fiscal year 2027.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
