India Cements Share Price Highlights 27 June 2024: India Cements stock surges 11% as UltraTech to buy 23% stake

UltraTech Cement, India Cements Share Price Updates: UltraTech Cement, India’s top cement producer by capacity, said on Thursday it will buy a 23 per cent stake in India Cements for up to ₹1,885 crore (about $226 million). UltraTech said it would buy 70.6 million India Cements shares for up to ₹267 each, a 1.7 per cent premium to the stock’s closing price on Wednesday. India Cements stock closed at ₹292 on the BSE on Thursday, up by 11.05%, and at ₹291.75 on the NSE, up by 11.09%. UltraTech Cement stock closed at ₹11,750 on the BSE on Thursday, up by 5.38%, and at ₹11,749.85, up by 5.45%.