India Cements' Srinivasan exits co after Birla takeover

N Srinivasan resigned as vice-chairman and MD of India Cements after it became a subsidiary of UltraTech. His daughter and wife also stepped down from their roles. Srinivasan ended his 50-year association with the company, which faced financial issues recently and was acquired by Aditya Birla Group for Rs 3,954 crore.

Dec 26, 2024 - 05:00

India Cements' Srinivasan exits co after Birla takeover

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N Srinivasan resigned as vice-chairman and MD of India Cements after it became a subsidiary of UltraTech. His daughter and wife also stepped down from their roles. Srinivasan ended his 50-year association with the company, which faced financial issues recently and was acquired by Aditya Birla Group for Rs 3,954 crore.