# UltraTech Cement completes demerger acquisition of Century Textiles cement business

UltraTech Cement declared the scheme of arrangement with Century Textiles & Industries effective, acquiring its cement business. UltraTech will issue 1 share for every 8 shares of Century, strengthening its leadership in India.

- Type: Acquisition
- Announced: 2019-10-01
- Where: India
- Status: completed
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Ultratech Cement](https://endata.com/companies/16256.md) (acquirer)
- [Century Textiles and Industries](https://endata.com/companies/28787.md) (target)

## Sources

- [worldcement.com](https://www.worldcement.com/special-reports/01102019/update-on-scheme-of-demerger-ultratech-cement-ltd-and-century-textiles-industries-ltd/), 2019-10-01: "This acquisition further strengthens UltraTech's leadership position in the Central, East and South India markets."
- [globalcement.com](https://www.globalcement.com/news/10617-ultratech-cement-sets-merger-arrangement-with-century-textiles-and-industries), 2019-10-02: "UltraTech Cement has declared the scheme of arrangement between itself and Century Textiles and Industries as part of its merger process."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.