HeidelbergCement India gains on report UltraTech in talks to buy company

Heidelbergcement India

27/01/2025 06:55

** Shares of HeidelbergCement India  HEID.NS  rise as much
as 12.9% to 242.8 rupees, highest since Oct. 17
    ** UltraTech Cement, India's top cement producer by
capacity, is in advanced talks with German firm Heidelberg
 HEIG.DE  to acquire its local business, Moneycontrol reported
on Monday, citing people familiar with the matter.
    ** Companies did not immediately respond to Reuters'
requests for comment
    ** Shares of ULTC rise 0.5%
    ** More than 4 mln shares of HEID change hands, 30.7x its
30-day avg 
    ** HEID shed ~11% in 2024


 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))