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 Details

Announcement Title
General Announcement
Date &Time of Broadcast
06-Dec-2024 16:48:29
Status
New
Announcement Sub Title
General updates
Announcement Reference
SG241206OTHRVOIU
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 write to inform you that the Company has received a communication from the Competition Commission of India under Section 29 (1) of the Competition Act, 2002 regarding the proposed acquisition of The India Cements Limited ( ICEM ). The Company will be responding to the same.

The Southern Market for grey cement, where ICEM primarily operates, is highly competitive and fragmented with the presence of over 35 grey cement manufacturers. We are confident of the merits of our case.

The above is for your information and record.

Attachments

ICEMletter.pdf
Total size =239K