UltraTech Cement's subsidiary in UAE hikes stake in RAK Cement Co.
UltraTech Cement announced that its wholly owned subsidiary in UAE, UltraTech Cement Middle East Investments (UCMEIL) has invested in 29.39% equity share capital of RAK Cement Co. for White Cement and Construction Materials PSC (RAKWCT), a company listed on Abu Dhabi and Kuwait stock exchanges. This together with the existing shareholding, will result in UCMEIL holding 29.79% equity stake in RALWCT.
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First Published: Apr 15 2022 | 6:28 PM IST