General Announcement::General Updates

Issuer & Securities

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

Announcement Title: General Announcement
Date &Time of Broadcast: 20-Dec-2024 20:48:51
Status: New
Announcement Sub Title: General Updates
Announcement Reference: SG241220OTHRH2BQ
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): We refer our letter dated 28th July, 2024 inter-alia, informing you about the approval of the Board of Directors of the Company for:
(i) acquiring 10,13,91,231 equity shares representing 32.72% of the equity share capital of The India Cements Limited ( Target ) held by the promoters, members of the promoter group and the other shareholder (referred to therein as the Primary Acquisition ); and
(ii) making an open offer for up to 8,05,73,273 equity shares constituting 26% of the equity share capital of the Target, at a price of Rs. 390 per equity share, from the public shareholders of the Target ( Open Offer ).
We now write to inform you that the CCI has by its letter dated 20th December, 2024 unconditionally approved the Primary Acquisition and the Open Offer under Section 31(1) of the Competition Act, 2002.
The same is for your information and record, please.
Thanking you.

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