# UltraTech leads race to buy Emami Cement

UltraTech Cement Ltd has emerged as the front-runner to buy Emami Cement Ltd in an all-cash deal worth ₹6,500-7,000 crore, with the final binding bid round expected to end next week.

- Type: Acquisition
- Announced: 2019-12-22
- Where: India
- Value: $910.0M (65.0B INR)
- Status: rumored
- Capacity: 8 million tonnes per annum
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Ultratech Cement](https://endata.com/companies/16256.md) (acquirer)
- [Emami Cement Limited](https://endata.com/companies/23045.md) (target)

## Sources

- [livemint.com](https://www.livemint.com/companies/news/ultratech-leads-the-race-to-buy-emami-group-s-cement-business-11577034236046.html), 2019-12-22: "UltraTech Cement Ltd, India’s largest producer of the building material, has emerged as the front-runner to buy the cement business of Emami Group in an all-cash deal worth ₹ 6,500-7,000 crore"

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