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UltraTech Cement inks pact to acquire 100% stake in National Limestone Company

21 Jan 2022 Evaluate

UltraTech Cement has executed a Share Purchase Agreement for acquiring 100% equity shares in National Limestone Company, subject to receipt of applicable regulatory approvals.  The equity shares will be acquired at a price of Rs 23 crore. The object of the said acquisition is to access to limestone mining reserves for the operations of the company.

UltraTech Cement is the largest manufacturer of grey cement, Ready Mix Concrete (RMC) and white cement in India.

Peers
Company Name CMP
Ultratech Cement 11214.40
Ambuja Cements 355.90
ACC 1153.05
Shree Cement 23120.65
Dalmia Bharat 1407.80
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