ULTRACEMCO
purchased all of Radhakishan Damani's stake in the co and may move for larger stake in the entity.
INDIACEM
is one of the largest cement players in Southern India and had been in interest of many due to low promoter holding. This might be another attempt for hostile takeover of the company but one thing is for sure Srinivasan family will not bow down to money. But anyway, new partners will surely help the business grow and stock is ready to move beyond its 15 year old highs. 