UltraTech News
Dividend stocks: UltraTech Cement shares to trade ex-dividend on July 30
The Board of Directors of UltraTech Cement declared a final dividend of ₹70.00 per equity share for the financial year 2024.
1 min read30 Jul 2024UltraTech Cement shares gain on India Cements acquisition; Check deal contours, industry impact, stock price outlook
Aditya Birla Group-owned UltraTech Cement said its board of directors approved the acquisition of a 32.72% equity stake of the promoters and their associates in India Cements for ₹3,954 crore at ₹390 per share.
3 min read29 Jul 2024UltraTech Cement’s stock seen opening up, driven by positives from India Cements stake buy, ‘near-term profitability…’
UltraTech Cement’s shares are set to open on a positive note on Monday, July 29, fueled by the completion of the acquisition of a majority stake in India Cements, an analyst told Mint.
3 min read29 Jul 2024In the grinding battle for cement, UltraTech makes a big move in the south
UltraTech will buy out India Cements promoters N. Srinivasan and associates, followed by an open offer for 26% in the company. The move marks the exit of Srinivasan from India Cements, and a new milestone in UltraTech’s effort to retain its leadership of the cement market
4 min read29 Jul 2024Billionaire Battle Heats Up as Adani Challenges Birla in Cement
Battle lines are being drawn in India’s cement space as Gautam Adani’s expansion spree sets off a race with fellow billionaire Kumar Mangalam Birla’s UltraTech Cement Ltd. to build capacity and snap up assets.
5 min read29 Jul 2024UltraTech Cement board approves 32.72% acquisition of India Cements
As per the release, UltraTech will pay ₹3,954 crore at ₹390/share to buy 32.72 per cent stake in India Cements from the promoters and their associates.
1 min read28 Jul 2024Royalty is not a tax: SC ruling deals a financial blow to mining firms
The judgement gives states the authority to impose additional taxes on top of existing royalties, thereby increasing the financial burdens on companies operating in the mining sector.
6 min read26 Jul 2024India’s UltraTech Cement expects another quarter of stymied growth
ULTRATECH CEMENT-RESULTS/ (REPEAT, UPDATE 2, PIX):RPT-UPDATE 2-India’s UltraTech Cement expects another quarter of stymied growth
1 min read20 Jul 2024India’s UltraTech Cement expects another quarter of stymied growth
ULTRATECH-CEMENT-RESULTS:India’s UltraTech Cement expects another quarter of stymied growth
1 min read20 Jul 2024Cement: Too early for the consolidation party
The quest for market share gains has meant large cement companies with strong balance sheets continue to acquire smaller and financially weaker ones.
3 min read1 Jul 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared