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Announced

UltraTech to acquire cement business from Kesoram Industries.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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India

Friendly

Single Bidder

Cement

Acquisition

cement

Majority

Domestic

Private

Demerger

Pending

Synopsis

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UltraTech, a cement company, agreed to acquire cement business from Kesoram Industries, an industrial company. Financial terms were not disclosed. "The transaction will provide UltraTech with the opportunity to extend its footprint in the highly fragmented, competitive, and fast growing Western and Southern markets in the country. It will help enhance UltraTech’s geographic reach in Southern markets such as Telangana where UltraTech currently does not have any cement manufacturing plant. The operations will be bolstered by economies of scale resulting from synergies in procurement, logistics and fixed costs," UltraTech.

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