General Announcement::Acquisition of 26% equity share capital of M/s Clean Max Terra Private Limited

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
20-Dec-2023 21:28:22
Status
New
Announcement Sub Title
Acquisition of 26% equity share capital of M/s Clean Max Terra Private Limited
Announcement Reference
SG231220OTHR76DF
Submitted By (Co./ Ind. Name)
Sanjeeb Kumar Chatterjee
Designation
Company Secretary and Compliance Officer
Description (Please provide a detailed description of the event in the box below)
In terms of the provisions of Regulation 30 of the Listing Regulations, we write to inform you that the Company has entered into Share Subscription and Shareholders Agreement to acquire 26 percent equity shares of Clean Max Terra Private Limited, a company engaged in generation and transmission of renewable energy. The acquisition is for the purposes of meeting the Company s green energy needs, optimising energy cost and comply with regulatory requirements for captive power consumption under electricity laws.

Disclosure as required under the Listing Regulations is attached as per Annexure A.

Attachments

SECleanMax.pdf
Total size =178K