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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