UltraTech acquisition fuels market consolidation talks

Ultratech Cement’s acquisition of a 23 per cent stake in Tamil Nadu-based India Cements is another instance of growing consolidation in the cement market in India. Photograph: Jayanta......

M&A Sees Sharp Decline in 2023

Bankers said the outlook of M&As in India in 2024, especially in the second half after the Lok Sabha election, seems relatively better. Illustration: Uttam Ghosh/Rediff.com   Merger and......

Jhunjhunwala hikes stake in Kesoram Industries to nearly 7%

Ace investor Rakesh Jhunjhunwala's wife Rekha has acquired 60 lakh (6 million) shares in Kesoram Industries taking her shareholding in the B K Birla-promoted company to around seven per cent. The......

Kumar Birla to get Kesoram Industries

Basant Kumar Birla, chairman of the Rs 8,000-crore (Rs 80 billion)BK Birla group, has altered his succession plan and at the hub of the change is the Rs 2,500-crore (Rs 25 billion)diversified......