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UltraTech in lead to buy Emami Cement for ₹7,000 crore: Reports

UltraTech in lead to buy Emami Cement for ₹7,000 crore: Reports

India's largest cement producer UltraTech Cement has emerged as the frontrunner to buy Emami Cement in an all-cash deal worth up to ₹7,000 crore in the final binding bid round, according to reports. Ambuja Cement, part of Switzerland's LafargeHolcim, is reportedly the only other contender. UltraTech recently completed the acquisition of Century Textiles' cement business.

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