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India Cements shares closed 8% higher on Monday after the Competition Commission of India (CCI) cleared UltraTech Cement's acquisition of a majority stake in the firm.

Shares of India Cements surged 11% after the Competition Commission of India (CCI) approved UltraTech Cement's acquisition of a majority stake in the company.

India Cements reports a widened net loss of Rs 339.13 crore in Q2 FY25, with revenue down 18.4%. UltraTech Cement is set to acquire a majority stake in the company.