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#UltraTechCement, a flagship company of the #AdityaBirlaGroup and India’s largest cement manufacturer in terms of capacity, is reportedly in advanced discussions to acquire the Indian operations of HeidelbergCement @VMukherjee7 https://t.co/WrIVZB2Lg5
HEIDELBERGCEMENT INDIA: CO ISSUES CLARIFICATION ON REPORT "ULTRATECH CEMENT IN ADVANCED TALKS TO ACQUIRE HEIDELBERGCEMENT" || HEIDELBERGCEMENT INDIA, ON REPORT ULTRATECH IN TALKS TO BUY CO, SAYS DOES NOT COMMENT ON MARKET RUMOURS
Cement leader @UltraTechCement’s President & Head of Marketing , Ajay Dang & @lakhaniamin, CEO @mindshare, speak on rural development initiatives to AI solutions. Don’t miss this exclusive chat with @sonalikrishna on @brandequitylive, only on ET NOW! https://t.co/yDwmSozfuK
UltraTech Cement is reportedly in advanced discussions to acquire HeidelbergCement India Ltd, according to multiple sources including Moneycontrol and Reuters. The acquisition would mark a significant expansion for UltraTech, which is already the largest cement manufacturer in India by capacity. In response to the reports, HeidelbergCement India issued a clarification stating that it does not comment on market rumors, refraining from confirming or denying the discussions. This potential acquisition aligns with UltraTech's strategy to enhance its market position in the Indian cement industry.
