Ultratech Cement shares in focus as CCI approves equity stake acquisition in The Indian Cements

Ultratech Cement's bid to acquire a significant stake in The India Cements has received a green light from the Competition Commission of India (CCI). The acquisition involves a primary purchase and an open offer, totaling a potential 32.72% stake. While Ultratech Cement's stock has seen fluctuations recently, this development could impact its trajectory.