Acquisitions11 Jan 2024, 10:55 pm
ULTRATECH CEMENT LTD. ACQUIRES 26% EQUITY STAKE IN M/S AMPLUS AGES PRIVATE LIMITED
AI Summary
ULTRATECH CEMENT LTD. has acquired 26% equity stake in M/s Amplus Ages Private Limited, a company engaged in generation and transmission of renewable energy, for meeting its green energy needs and optimizing energy costs. The acquisition is not a related party transaction and has been done at arm's length. The company has also disclosed the details of the acquisition as required under the Listing Regulations.,
Key Highlights
- ULTRATECH CEMENT LTD. acquires 26% equity stake in M/s Amplus Ages Private Limited for meeting green energy needs
- Acquisition is not a related party transaction and has been done at arm's length
- Company has disclosed details of the acquisition as required under the Listing Regulations