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What makes UltraTech's acquisition of Century Textiles a clever move

Century's capacities in Madhya Pradesh, Chhattisgarh and Maharashtra, and its West Bengal grinding unit will help UltraTech emerge the leader in central and east India in a short time

UltraTech Q4 net down 39% on one-offs, but core performance surprises
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Ujjval Jauhari New Delhi
UltraTech’s acquisition of Century Textiles’ 13.4 million tonnes (mt) cement capacity for an enterprise value of $106 per tonne has got a good response from the Street and analysts, with the company likely to gain in many ways. On a day when the broader markets fell, the UltraTech stock ended almost flat. 

While finding valuations attractive (cost 7-8 per cent lower than earlier Jaiprakash Associates’ capacity acquisition), analysts at Motilal Oswal Securities estimate UltraTech’s capacity-based market share to rise by 3 percentage points to 23 per cent by the end of FY19.

Century’s capacities in Madhya Pradesh, Chhattisgarh and Maharashtra,

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