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UltraTech Cement's subsidiary in UAE hikes stake in RAK Cement Co.

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Capital Market
UltraTech Cement announced that its wholly owned subsidiary in UAE, UltraTech Cement Middle East Investments (UCMEIL) has invested in 29.39% equity share capital of RAK Cement Co. for White Cement and Construction Materials PSC (RAKWCT), a company listed on Abu Dhabi and Kuwait stock exchanges. This together with the existing shareholding, will result in UCMEIL holding 29.79% equity stake in RALWCT.

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First Published: Apr 15 2022 | 6:28 PM IST

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