UltraTech Cement has informed that the Board of Directors of the Company at its meeting held today approved making a financial investment to purchase upto 7.06 crores equity shares of The India Cements, a company incorporated under the Indian Companies Act, 1913, having its registered office at Dhun Building, 827, Anna Salai, Chennai 600 002, (‘ICL’) at a price of upto Rs 267/- per share. This non-controlling financial investment constitutes around 23% of the equity share capital of ICL. Disclosure as required is provided in the attached Annexure. The said Board meeting commenced at 8.15 am and concluded at 8.45 am.
The above information is a part of company’s filings submitted to BSE.
