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UltraTech Cement gets approval for increase in investment limits by RFPIs

09 May 2016 Evaluate

UltraTech Cement's board has approved proposal for increase in investment limits by RFPIs (Registered Foreign Portfolio Investors) from the existing 24% of the paid-up equity share capital upto 30% of the paid-up equity share capital of the company. The said increase in the limits is subject to the approval of the members at the ensuing Annual General Meeting of the company to be held in July, 2016, the date of which will be intimated separately.

UltraTech manufactures and markets Ordinary Portland Cement, Portland Blast Furnace Slag Cement and Portland Pozzalana Cement.

Peers
Company Name CMP
Ultratech Cement 11050.10
Ambuja Cements 348.50
ACC 1130.30
Shree Cement 23069.05
Dalmia Bharat 1324.70
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