UltraTech Cement’s arm invests Rs 839.52 crore in RAKWCT

Ultratech Cement Ltd. | Cement & Construction Materials | Construction & Infrastructure | BSE: 532538 | NSE: ULTRACEMCO

16 Apr 2022 Evaluate

UltraTech Cement’s wholly-owned subsidiary -- UltraTech Cement Middle East Investments (UCMEIL) has invested $101.10 million (around Rs 839.52 crore) for a 29.39 per cent equity stake in the UAE-based RAK Cement Co for White Cement and Construction Materials PSC (RAKWCT). This is a ‘strategic investment’ for the company. This together with the existing shareholding, will result in UCMEIL holding 29.79 per cent of RAKWCT’s equity share capital.

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

Peers

Company Name	CMP
Ultratech Cement	11100.00
Ambuja Cements	384.75
ACC	1236.65
Shree Cement	22342.90
Dalmia Bharat	1698.10
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.