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UltraTech Cement Agrees to Acquire Limestone Company for $3 Million

UltraTech Cement (ULTRACEMCO, BOM:532538) has entered into an agreement to acquire a 100% stake in National Limestone Co., Rajasthan, for 230 million Indian rupees ($3.1 million).

The buyout is aimed at gaining access to limestone mining reserves for the company’s operations, according to a post-market hours filing on Thursday.

The transaction is expected to be completed in the next two months.

Price (INR): ₹7465.50, Change: ₹+31.10, Percent Change: +0.42%

source: 05:26Jan 21, 2022MT Newswires

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