General Announcement::Acquisition of 26% equity share capital of M/s O2 Renewable Energy XXII 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
27-Mar-2024 22:36:19
Status
New
Announcement Sub Title
Acquisition of 26% equity share capital of M/s O2 Renewable Energy XXII Private Limited
Announcement Reference
SG240327OTHRLKQL
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 that the Company has entered into (i) Energy Supply Agreement and (ii) Share Subscription and Shareholders Agreement to acquire 26% equity shares of M/s O2 Renewable Energy XXII 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 complying with regulatory requirements related to captive power consumption under electricity laws.

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

Attachments

Acquisiton -O2 Power - SE.pdf
Total size =182K