# UltraTech Cement in talks to acquire HeidelbergCement India

UltraTech Cement, an Aditya Birla Group subsidiary, has entered talks to acquire Heidelberg Materials' 69% stake in HeidelbergCement India. The stake is valued at approximately $391 million.

- Type: Acquisition
- Announced: 2025-01-27
- Where: India
- Value: $391.0M
- Status: rumored
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Heidelberg Materials](https://endata.com/companies/15605.md) (partner)
- [Ultratech Cement](https://endata.com/companies/16256.md) (acquirer)
- [HeidelbergCement India](https://endata.com/companies/53656.md) (target)
- [Kesoram Industries](https://endata.com/companies/74079.md) (target)

## Sources

- [globalcement.com](https://www.globalcement.com/news/18976-ultratech-cement-enters-talks-to-acquire-heidelbergcement-india), 2025-01-27: "Aditya Birla Group subsidiary UltraTech Cement has entered talks to acquire Heidelberg Materials' 69% stake in HeidelbergCement India."
- [economictimes.indiatimes.com](https://economictimes.indiatimes.com/markets/stocks/news/ultratech-cement-announces-152-share-swap-ratio-for-acquisition-of-kesoram-industries/articleshow/118560302.cms), 2025-02-25: "UltraTech Cement on Tuesday, February 25, 2025 announced a 1:52 share swap ratio for the acquisition of Kesoram Industries."
- [etnownews.com](https://www.etnownews.com/markets/ultratech-cement-kesoram-demerger-share-swap-ratio-announced-record-date-fixed-article-118563385), 2025-02-25: "UltraTech has announced 1:52 share swap ratio for the acquisition of Kesoram Industries."

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