-144.55 (-1.17%) UltraTech Cement’s wholly owned subsidiary -- UltraTech Cement Middle East Investments (UCMEIL) has entered into a Share Sale and Purchase Agreement with Seven Seas Company LLC, Oman for acquisition of 70% equity shares in Duqm Cement Project International, LLC, Oman. Cost of acquisition is $2.25 million.
UltraTech Cement is the largest manufacturer of grey cement, Ready Mix Concrete (RMC) and white cement in India.