General Announcement::Investment in equity share capital

Issuer & Securities

Issuer/ Manager
ULTRATECH CEMENT LIMITED
Securities
ULTRATECHUS$400M2.8%N310216A - US90403YAA73 - MTZB
ULTRATECHUS$400M2.8%N310216R - USY9048BAA18 - WQ5B
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
27-Jun-2024 18:58:54
Status
New
Announcement Sub Title
Investment in equity share capital
Announcement Reference
SG240627OTHRUK2K
Submitted By (Co./ Ind. Name)
Sanjeeb Kumar Chatterjee
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
We refer to our earlier letter of date informing you about the meeting of the Board of Directors of the Company approving making a financial investment to purchase upto 7.06 crores equity shares of The India Cements Limited, a company incorporated under the Indian Companies Act, 1913, having its registered office at Dhun Building, 827, Anna Salai, Chennai 600 002, ( ICL ) at a price of upto Rs. 267/- per share. This non-controlling financial investment constitutes around 23% of the equity share capital of ICL.

Based on the aforementioned approval, the Company acquired 6,02,48,983 equity shares aggregating to 19.44 %.
The Board of Directors at a separate meeting approved acquiring upto 3.4 % equity shares at a price upto Rs. 285 per share.

Disclosure as required is provided in the attached Annexure.

The said Board meeting commenced at 1.45 pm and concluded at 2.00 pm.

Attachments

ICL2.pdf
Total size =181K