M&A

M&A

UltraTech Cement buys 70% stake in limestone mine in Oman for $2.25 M

BSE Announcement  

Publicly listed UltraTech has signed a pact with Seven Seas Company LLC, Oman for acquiring 70% equity shares in Duqm Cement Project International, LLC, Oman for USD 2.25 million. Duqm Cement owns limestone mining leases and will provide raw material security to the acquirer. The Oman company had.not registered any turnover in the last three years