Additionally, Srinivasan's daughter Rupa Gurunath, wife Chitra Srinivasan, and V. M. Mohan have also resigned from the company's board, as per ICL's regulatory filing

India Cements announced on Wednesday that N. Srinivasan has resigned as CEO and MD. This follows the Competition Commission of India (CCI) approving UltraTech Cement's acquisition of a 55.5% stake in India Cements,

UltraTech Cement has acquired a 55.5% stake in India Cements, making it a subsidiary. The acquisition adds 14.5 million tonnes of production capacity

The Competition Commission of India has approved UltraTech Cement's acquisition of a 32.72% stake in India Cements for ₹3,954 crore.

CCIapproved making an open offer for up to 8,05,73,273 equity shares of Rs 10 each constituting 26 per cent of the equity share capital of the company, at a price of Rs 390 per equity share

Shares of India Cements rose significantly after the Competition Commission of India approved UltraTech Cement's acquisition of a majority stake. This move involves UltraTech purchasing 32.72% of India Cements' equity,

India Cement's promoter shareholders resigned on Wednesday after UltraTech Cements completed the acquisition of majority stakeholding in the Chennai-based cement manufacturer.

Leading cement maker UltraTech has completed the acquisition of promoters a 32.72% stake in India Cements Ltd, following which N. Srinivasan and other promoters of the South-based cement maker have stepped down.

India Cements' N Srinivasan resigns as vice-chairman and MD following UltraTech's acquisition, ending a 50-year association. His family members, including daughter Rupa Gurunath and wife Chitra Srinivasan,