Shree Cement announced that its step down subsidiary in UAE, Union Cement Company PrJSC presently holds 60% Equity Capital of Union Cement Norcem Co. situated in UAE. Shree Global FZE, a wholly owned subsidiary of the company situated in UAE has agreed to acquire remaining 40% stake in UCN. The transaction value of the same would be AED 14.50 million (approx. Rs 30 crore). The said acquisition is likely to be consummated by 30 June 2022.
Union Cement Norcem is engaged in the business of marketing oilwell cement.
Powered by Capital Market – Live News
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
Download The App Now
Follow us on
2025, IIFL Capital Services Ltd. All Rights Reserved
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.
