Century Textile up on UltraTech merger report, India

Century Textile up on UltraTech merger report, India
Published: 14 October 2011

Shares of Century Textiles gained on report that the process of merging the cement business of Century Textiles with UltraTech may have started, said two institutional dealers and two analysts. The Business Standard paper reported on Friday quoting sources the merger process had started and the deal was likely to be inked in a few months. The company refused comment to the paper on the story, the report said.