Kesoram Industries

Activity by year

2023202420252026

Acquisition

Nov 30, 2023ACQUISITIONKarnataka; Telangana, India$645.0M
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.
Ultratech Cement acquirer Kesoram Industries target #Construction Materials reuters.com
Nov 30, 2023ACQUISITIONSedam (Karnataka), Basantnagar (Telangana), Solapur (Maharashtra), India$912.0M
UltraTech Cement to acquire Kesoram Industries' cement business via demerger
UltraTech Cement's board approved a scheme to acquire Kesoram Industries' cement business, which includes two integrated cement units with total capacity of 10.75 mtpa and a packing plant. The transaction is subject to regulatory approvals and expected to close within 9-12 months.
Ultratech Cement acquirer Kesoram Industries target #Construction Materials ultratechcement.com moneycontrol.com timesofindia.indiatimes.com

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