UltraTech Buys 23% Stake in India Cements for ₹1,900 Crore

UltraTech Cement, part of the Aditya Birla Group, has acquired a 23% stake in India Cements for approximately ₹1,900 crore. This strategic move aims to secure UltraTech's market position in the highly competitive and regionalized cement industry in India.