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CECL will no longer be a subsidiary of India Cements
This realignment marks a strategic shift for India Cements.
India Cements also recorded the resignations of several independent directors.
In July, UltraTech announced the acquisition of a 32.72% stake in India Cements
UltraTech Cement to raise Rs.30 Bn via NCDs
UltraTech reported a 36% year-on-year (YoY) decline in net profit, dropping to Rs 825 crore
Total income includes other income, dropped by 6.41 per cent.
The company's net consolidated total income stood at Rs 158.55 billion in Q2 FY25.
In Q1 of the current FY, India Cements reported an improved EBITDA of Rs 1.63 billion.
UltraTech's offer for ICL to open on 19 September
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