Kesoram's cement unit to be purchased by UltraTech for Rs 7,600 crore
The cement business of the BK Birla Group's Kesoram Industries would be acquired by UltraTech in an all-stock deal at an estimated enterprise value of around Rs 7,600 crore, including debt.
With the deal, UltraTech would get access to two integrated cement manufacturing units in Karnataka and Telangana with a combined capacity of 10.75 million tonnes per annum (MTPA).
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