UltraTech Cement , a subsidiary of the Aditya Birla Group, has announced that it intends to acquire a significant 31.6 per cent stake in UAE-based RAK.
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Get latest articles and stories on Latest News at LatestLY. The country s leading cement maker UltraTech Cement on Friday announced investing USD 101.10 million (around Rs 839.52 crore) for a 29.39 per cent equity stake in the UAE-based RAK Cement Co for White Cement and Construction Materials PSC (RAKWCT). Latest News | UltraTech Invests USD 101.1 Mn in UAE-based RAKWCT, Acquires 29.39% Share.