UltraTech Cement Ltd News Today

The dividend will aggregate to ₹2,283.75 Crore for the company and shareholders shall be eligible to pay tax on the same.

The acquisition is expected to be completed within 180 days post completion of Energy Supply Agreement and Share Subscription & Shareholders Agreement.

The plant is located at the pithead of large high-quality raw material reserves, and near the existing putty manufacturing facilities in Rajasthan.

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As part of its capacity expansion programs, the company saw multiple opportunities to improve efficiency and rationalise operations at different locations.

Under the demerger agreement, Kesoram’s preference shareholders will be issued 54,86,608 fully paid-up 7.3% NCRP shares.

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On the BSE, UltraTech Cement's shares rose 1.4% to reach their day's high of Rs 11,585.40.

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UltraTech Cement's board approved acquiring 32.72% equity stake in India Cements at ₹390 a share, said a filing at the BSE.