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Ultratech Cement gets nod to acquire Wonder WallCare

04 Apr 2025 Evaluate

Ultratech Cement has received approval for the purchase of 100% equity of Wonder Cement’s subsidiary -- Wonder WallCare for an Enterprise Value not exceeding Rs 235 crore. The Board of Directors of the company at its meeting held on April 03, 2025 approved the same. The company has executed a Share Purchase Agreement with the existing shareholders of Wonder WallCare. The deal is expected to close in the next 90 days, subject to applicable regulatory approvals and compliances. This acquisition will help the company expand its putty and Value-Added Products’ production capacity, in the highly competitive and fragmented putty manufacturing market in India.

This acquisition gives UltraTech, access to a new state-of-the-art 6 lakh MT per annum manufacturing plant for wall putty and related products at Rajsamand - Nathdwara, Rajasthan. The plant is situated at the pithead of large high quality raw material reserves, and in close proximity to the company’s existing putty manufacturing facilities in Rajasthan. this plant is one of the largest single-location putty manufacturing sites in India, with a capability to ramp up its capacities in future.

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


Ultratech Cement Share Price

11948.20 -196.25 (-1.62%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Ultratech Cement 11948.20
Ambuja Cement 444.25
ACC 1392.00
Shree Cement 25437.05
Dalmia Bharat 1830.30
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