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UltraTech buys 23% stake in India Cements
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UltraTech buys 23% stake in India Cements 

MUMBAI: UltraTech Cement has acquired a 23% stake in India Cements for around Rs 1,900 crore, preventing potential future bids for the leading peninsular manufacturer, as the race intensifies to control capacities in a highly regionalised and freight-intensive cement business that’s the world’s second biggest...