UltraTech to buy Century Textiles’ cement business

By: | Published: May 21, 2018 4:55 AM

UltraTech Cement said on Sunday it would acquire the cement business of BK Birla Group company Century Textiles and Industries through a share swap deal.

ultratech, century textileThe company’s board approved a scheme of arrangement amongst Century Textiles and Industries and its respective shareholders and creditors, the Aditya Birla Group firm said. (Reuters)

UltraTech Cement said on Sunday it would acquire the cement business of BK Birla Group company Century Textiles and Industries through a share swap deal, a move which would further consolidate its position as market leader in the segment.

The company’s board approved a scheme of arrangement amongst Century Textiles and Industries and its respective shareholders and creditors, the Aditya Birla Group firm said in a statement.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Switch to Hindi Edition