Ind'l Goods/Svs
UltraTech buys 23% stake in India Cements
![UltraTech buys 23% stake in India Cements](https://img.etimg.com/thumb/msid-111322986,width-362,height-240,imgsize-106376,resizemode-75/industry/indl-goods/svs/cement/ultratech-buys-23-stake-in-india-cements.jpg)
UltraTech, the Aditya Birla Group cement maker and the country's largest, bought 70.6 million shares of India Cements as a "non-controlling financial investment" at up to Rs 267 a share, the acquirer said in customary filings Thursday morning. UltraTech bought the shares from billionaire investor Radhakishan Damani, his family members and his investment firms Derive Investments and Derive Trading and Resorts.
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WILO Mather and Platt Pumps expects 25 pc of revenue from exports in next 2-3 years
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