UltraTech invests USD 101.1 mn in UAE-based RAKWCT, acquires 29.39% share
UltraTech Cement on Friday announced investing USD 101.10 million (around Rs 839.52 crore) for a 29.39 percent equity stake in the UAE-based RAK Cement Co for White Cement and Construction Materials PSC (RAKWCT).
UltraTech has a consolidated capacity of 119.95 million tonnes per annum (MTPA) of grey cement. Pic: Reuters