MS Dhoni’s job in danger, the new owner may remove him from the company!

Rahul Tiwari

khelja|28-07-2024

MS Dhoni's job is in danger. He may lose his years-old job. Now you will say, MS Dhoni and job? Well, there is a connection between these two. Dhoni is the Vice President of N. Srinivasan's company India Cements. But now the question is, will Dhoni continue to be the Vice President of this company even after India Cements is acquired?

UltraTech may have 51% shares in India Cements

According to media reports, UltraTech Cement has decided to buy 28.42 percent more shares of India Cements. If this happens, UltraTech will have 51 percent stake in India Cements. It has already bought 23 percent stake in India Cements.

Will Dhoni remain Vice President after the acquisition?

Aditya Birla Group's UltraTech Cement may also get involved in the acquisition of India Cements with 51 percent shares. Due to that interference, many changes can be seen within India Cements, which can also affect Dhoni's post of Vice President.

Know about India Cements and UltraTech Cements

India Cements Company, in which Dhoni is the Vice President, is one of the top companies in its field in South India. N. Srinivasan's company's main business is cement, apart from this it is also expanding its business in the shipping business. The installed capacity of the consolidated entity of this company is currently 15.5 metric tonnes. If we talk about UltraTech Cement, then it is India's largest cement company, which bought Kesoram's cement business in the year 2024 at an enterprise value of Rs 7600 crore.

However, UltraTech Cement, which bought 23 per cent shares of India Cements in June this year, has a board meeting on July 28, in which it may get approval to buy another 28.42 per cent stake.

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