UltraTech Cement, the flagship firm of Aditya Birla Group, has bought the cement business of Kesoram Industries in a share-swap deal, according to exchange filings. UltraTech will issue one share for every 52 shares of Kesoram in a deal value estimated at Rs 7,600 crore, including debt. UltraTech Cement, the flagship firm of Aditya Birla Group, has bought the cement business of Kesoram Industries in a share-swap deal, according to exchange filings. UltraTech will issue one share for every 52 shares of Kesoram in a deal value estimated at Rs 7,600 crore, including debt.
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