Ultratech Cement Ltd.

UltraTech Cement has received approval from board of directors for making a financial investment to purchase upto 7.06 crore equity shares of The India Cements (ICL), a company incorporated under the Indian Companies Act, 1913, at a price of upto Rs 267 per share. This non-controlling financial investment constitutes around 23% of the equity share capital of ICL. 

The Board of Directors of the Company at its meeting held on June 27, 2024 has approved the same. 

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