# UltraTech Cement to buy Kesoram's cement business for $645M

UltraTech Cement will acquire the cement business of Kesoram Industries in an all-stock deal valued at 53.79 billion rupees ($645 million), gaining two integrated cement units in Karnataka and Telangana.

- Type: Acquisition
- Announced: 2023-11-30
- Where: Karnataka; Telangana, India
- Value: $645.0M (53.8B INR)
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Ultratech Cement](https://endata.com/companies/16256.md) (acquirer)
- [Kesoram Industries](https://endata.com/companies/74079.md) (target)

## Sources

- [reuters.com](https://www.reuters.com/world/india/indias-ultratech-cement-buy-kesorams-cement-business-645-mln-deal-2023-11-30/), 2023-11-30: "India's UltraTech Cement said on Thursday it will buy the cement business of Kesoram Industries in an all-stock deal valued at 53.79 billion rupees"

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