UltraTech Cement offers to acquire 31.6% stake in UAE-based RAKWCT; stock rises
This acquisition will be executed through UltraTech's wholly-owned UAE subsidiary, UltraTech Cement Middle East Investments Ltd (UCMEIL)
rakwct
May 2024
April 2022
UltraTech unit buys 29.39% stake in UAE's RAKWCT for $101 million
Together with the existing shareholding, UCMEIL's stake will rise to 29.79%. UAE-based RAKWCT has posted revenue worth Rs 482.5 crore in CY21.
