<h1>UltraTech Cement Acquires Kesoram's Cement Business; Competition Commission of India Approves Transaction.</h1> The Competition Commission of India has approved the acquisition of Kesoram Cement Business from Kesoram Industries Limited by UltraTech Cement Limited. This transaction involves the transfer of Kesoram's grey cement business to UltraTech as part of a composite scheme of arrangement and an implementation agreement dated November 30, 2023. UltraTech, a subsidiary of Grasim Industries Limited, is a public company involved in manufacturing and selling various cement products and building solutions in India. Kesoram will continue its operations in rayon, transparent paper, and chemicals, which are not included in this acquisition. A detailed order from the CCI will be released soon.