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UltraTech Cement announced a share swap ratio of 1:52 for the acquisition of Kesoram Industries from BK Birla Group, effective March 1. The enterprise value of Kesoram is estimated at Rs 7,600 crore, and the acquisition will increase UltraTech's cement capacity to 149 mtpa.
“The proposed entry into this segment of the construction value chain, through its Building Products Division, is in line with the company's strategy to strengthen its position as a comprehensive Building Solutions provider.”timesofindia.indiatimes.com
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