Shock For India Cements: MD And CEO Srinivasan ResignsÂ
India Cements MD and CEO, Mr N. Srinivasan, resigned from his post. According to the exchange filing, Srinivasan will stop working in the company on January 1, 2025. This has brought the curtains down for the 50-year-long connection of CEO, Srinivasan with the company that was co-founded by his father, TS Narayanaswami, in 1946. Other…
Abdullah Ansari
Ultratech To Buy Kesoram Industries’ Cement BusinessÂ
Kumar Mangalam Birla’s Ultratech is all set to take over the cement business from Kesoram Industries in an all-stock deal. Both companies disclosed the deal in separate announcements. Although there is not much information available about the deal right now, sources say that the deal is worth somewhere around ₹7600 crore, including a ₹1700 crore…
Vipin