Introduction:
UltraTech Cement is acquiring Kesoram Industries through a share swap deal, effective March 1, 2025. Kesoram shareholders will receive 1 UltraTech equity share for every 52 Kesoram equity shares. Additionally, preference shareholders will get new UltraTech preference shares in exchange for their existing holdings.
Share Price movement of UltraTech Cement:
On February 25, 2025, UltraTech Cement Limited opened at ₹11,042.65, reaching a high of ₹11,054.25 and a low of ₹10,841.00, down 0.84% from its previous close of ₹11,042.65. Stock closed at ₹10,950.00, with a market cap of ₹3,16,129.90 crore.
UltraTech Cement acquired Kesoram Industries:
UltraTech Cement has announced the acquisition of Kesoram Industries through a share swap arrangement, effective from March 1, 2025. Under this scheme, UltraTech will issue 1 equity share for every 52 equity shares of Kesoram Industries held by its shareholders as on the record date.
Additionally, UltraTech will issue 54.86 lakh fully paid-up 7.3% non-convertible redeemable preference shares of ₹100 each. These will be given in exchange for 90 lakh 5% cumulative non-convertible redeemable preference shares of ₹100 each held by Kesoram’s preference shareholders as of the effective date.
The company will also allot 8.64 lakh fully paid-up 7.3% non-convertible redeemable preference shares of ₹100 each. These will be issued in exchange for 19.19 lakh zero% optionally convertible redeemable preference shares of ₹100 each previously held by Kesoram’s preference shareholders.
This strategic merger strengthens UltraTech’s market position and expands its operational reach in the cement sector. The share swap arrangement ensures a seamless transition for Kesoram shareholders while integrating its business operations under UltraTech Cement’s portfolio.
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Recent news About UltraTech Cement :
In December 2024, UltraTech Cement received approval from India’s antitrust authority to acquire India Cements. This acquisition is part of UltraTech’s strategy to enhance its presence in southern India and achieve its production target of 183.5 million metric tons by 2027.
Stock performance of UltraTech Cement for Period of 1 week, 6 months and 1 year:
UltraTech Cement’s stock declined 2.90% over the past week, reflecting short-term weakness. Over the last six months, it dropped 2.99%, indicating a stable but slightly negative trend. However, in the past year, it gained 10.2%, showcasing long-term growth despite short-term fluctuations.
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Shareholding pattern of UltraTech Cement :
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 60 | 59.99 | 59.99 |
| FII | 16.98 | 17.95 | 18.15 |
| DII | 15.65 | 14.69 | 14.44 |
| Retail & others | 7.38 | 7.36 | 7.43 |
About UltraTech Cement :
UltraTech Cement is India’s largest cement manufacturer, producing grey cement, ready-mix concrete, and white cement. A subsidiary of Aditya Birla Group, it operates globally, focusing on sustainable construction solutions, innovation, and expanding its market presence in infrastructure and real estate sectors.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
