Aniruddha JainIndia's Cement Industry is poised for consolidation. In the recent past, we have seen multiple large & small acquisitions in the cement segment for consolidating positions. Moving towards the world trend, India will have dominant 3-4 companies controlling substantial cement capacity. Continuing the trend, recently, the Board of Directors of UltraTech approved the purchase of 32.72% equity stake of the promoters & their associates in India Cements Limited.
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