223.05 (1.85%) UltraTech Cement has received its board’s approval to increase investment limits by Registered Foreign Portfolio Investors, including Foreign Institutional Investors (FII), from the existing 30% of the paid-up equity share capital, to 40%. The company’s board gave approval for the same at its meeting held on December 9, 2017.
UltraTech Cement is the largest manufacturer of grey cement, Ready Mix Concrete (RMC) and white cement in India. It is also one of the leading cement producers globally. UltraTech as a brand embodies strength, reliability and innovation.