Major deals in India's cement sector since Adani Group's entry in 2022

UltraTech Cement will buy an 8.7% stake in Star Cement for $100 million. This is part of a trend with major deals in India's cement sector since Adani Group's 2022 entry. Recent major deals include acquisitions by Dalmia Bharat, Sagar Cements, and several by Ambuja Cements. These deals are driven by infrastructure spending expectations.