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India Cements' shares jump nearly 14%, UltraTech Cement soars 6.50% following acquisition news
Shares of India Cements Ltd jumped nearly 14 per cent on Thursday morning after leading cement maker UltraTech Cement said it will acquire around 23 per cent stake in the Chennai-based firm for up to Rs 1,885 crore. The stock soared 13.70 per cent to hit 52-week high of Rs 299 on the BSE.