UltraTech Cement Expands Into Wires and Cables with Kesoram Deal

UltraTech Cement announced a 1:52 share swap ratio for acquiring Kesoram Industries, with the scheme set to take effect on March 1, 2025. The Aditya Birla Group’s flagship company also revealed plans to enter the wires and cables segment with a Rs 18 billion capital expenditure. UltraTech will establish a wires and cables manufacturing plant in Bharuch, Gujarat, slated for commissioning by December 2026. The move aligns with UltraTech’s strategy to strengthen its position as a comprehensive building solutions provider, leveraging its manufacturing expertise and customer reach to deliver high-quality products and capture a larger market share. (Moneycontrol)