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UltraTech to buy Kesoram Industries' cement business in all-stock deal
UltraTech said Kesoram had decided to demerge its cement business and approached UltraTech Cement in relation to it
Cement manufacturers accuse builders of misleading govt, cartelisation
The development comes a day after Union Road Transport Minister Nitin Gadkari said that the cement industry was trying to raise prices through cartelisation
Govt looking to penalise cement companies for cartelisation: Report
The Competition Commission of India had imposed a fine on 10 cement companies and a trade body for price fixing in 2016
