Acquisition History / UltraTech Cement / The India Cements

UltraTech Cement Acquires The India Cements

Announced July 28, 2024 — $446.8M

UltraTech CementCement2024

What happened

UltraTech Cement agreed to buy a 32.72% stake in listed The India Cements from its promoters and their associates for Rs 3,954 crore, on top of an existing ~23% holding, taking it to majority control. The share purchase completed on 24 December 2024 and India Cements became an UltraTech subsidiary.

Acquirer
UltraTech Cement
Target
The India Cements
Announced
July 28, 2024
Price
$446.8M
Industry
Cement
Buyer type
Strategic acquirer
Status
Closed

By the numbers

UltraTech Cement's acquisition history
1st of 1 tracked deals
Disclosed prices
1 of 1 UltraTech Cement deals
UltraTech Cement's average disclosed price
$446.8M
UltraTech Cement's largest disclosed deal
The India Cements ($446.8M)
Tracked acquisitions in 2024
157 across all acquirers
UltraTech Cement in Cement
1 acquisition

Frequently Asked Questions About This Acquisition

When did UltraTech Cement acquire The India Cements?

UltraTech Cement acquired The India Cements on July 28, 2024. This was UltraTech Cement's 1st publicly tracked acquisition out of 1 we have on record.

How much did UltraTech Cement pay for The India Cements?

UltraTech Cement paid $446.8M for The India Cements.

What does The India Cements do?

UltraTech Cement agreed to buy a 32.72% stake in listed The India Cements from its promoters and their associates for Rs 3,954 crore, on top of an existing ~23% holding, taking it to majority control. The share purchase completed on 24 December 2024 and India Cements became an UltraTech subsidiary.

What other Cement companies has UltraTech Cement acquired?

The India Cements is UltraTech Cement's only publicly tracked acquisition in Cement so far.

Read the full article →

More Cement acquisitions