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  1. UltraTech to buy Century Textiles’ cement business

UltraTech to buy Century Textiles’ cement business

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.

By: | Mumbai | Published: May 21, 2018 4:55 AM
ultratech, century textile 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. (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.

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