Ultratech Cement to acquire 26% stake in VEH Radiant

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

03 Aug 2023 Evaluate

Ultratech Cement has entered into share subscription and shareholders agreement and energy offtake agreement with M/s VEH Radiant Energy (VEH Radiant) for the purposes of acquiring 26% equity shares of VEH Radiant. VEH Radiant will be engaged in generation and transmission of renewable energy. The objective of acquisition is to meet green energy needs, optimize energy costs and comply with regulatory requirements for captive power consumption under electricity laws.

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

Peers

Company Name	CMP
Ultratech Cement	11081.00
Ambuja Cements	386.00
ACC	1236.75
Shree Cement	22337.15
Dalmia Bharat	1720.35
View more..

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
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.