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
03-Apr-2025 21:26:32
Status
New
Announcement Sub Title
Investment in equity share capital
Announcement Reference
SG250403OTHRZBQM
Submitted By (Co./ Ind. Name)
Sanjeeb Kumar Chatterjee
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of the Company at its meeting held today approved acquisition of 6,42,40,000 equity shares of Rs. 10/- each ("Sale Shares") of Wonder WallCare Private Limited, having its registered office at c/o R K Marble Private Limited, Makrana Road, Madanganj, Kishangarh, Dist-Ajmer, Rajasthan 305801, ( Target ), for an Enterprise Value not exceeding Rs. 235 crores. For the said purpose, the Company has executed a Share Purchase Agreement with Wonder Cement Limited and Mr. Kushal Sogani (collectively, "Sellers") and Target, as on the date hereof ("SPA").

Upon completion of the acquisition, the Target will become a wholly-owned subsidiary of the Company.

Attachments

SELetter - Acquisition.pdf
Total size =287K