UltraTech Cement has revised offer to now acquire 25% share capital of 'Ras Al Khaimah Co. for White Cement and Construction Materials PSC' (RAKWCT). On May 27, the company had made an offer to acquire 31.6% in RAKWCT and acquire 15.80 crore shares. However, this offer was revised to 12.50 crore shares of RAKWCT representing 25% of the share capital of RAKWCT.
The offer is made by UltraTech Cement Middle East Investments (UCMEIL), wholly-owned subsidiary of the company. The offer period ran for 28 days from May 28, 2024 to June 24, 2024.
UltraTech Cement is the largest manufacturer of grey cement, Ready Mix Concrete (RMC) and white cement in India.
