UltraTech Cement's Q3 Results FY 2024-25 Due Amid CCI Scrutiny Over India Cements Acquisition

UltraTech Cement, a subsidiary of the Aditya Birla Group, is facing scrutiny from India's fair trade regulator, the Competition Commission of India (CCI), regarding its proposed acquisition of Chennai-based India Cements Ltd. The CCI has issued a notice to UltraTech concerning this acquisition, which is part of the company's strategy to expand its market presence. In response to the CCI notice, India Cements stated that it is currently preparing a response and believes it can address any concerns raised by the CCI, citing the highly competitive nature of the cement market. UltraTech is also scheduled to announce its Q3 results for the fiscal year 2024-25, with the date of the earnings report having been recently disclosed.