Board of UltraTech Cement approves acquisition of 23% stake in India Cements

At meeting held on 27 June 2024

The Board of UltraTech Cement at its meeting held on 27 June 2024 has approved making a financial investment to purchase upto 7.06 crores equity shares of India Cements at a price of upto Rs. 267/- per share. This non-controlling financial investment constitutes around 23% of the equity share capital of ICL.

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