UltraTech Cement inches up as its arm enters into agreement with Seven Seas Company LLC, Oman
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Ultratech Cement is currently trading at Rs. 6906.75, up by 21.55 points or 0.31% from its previous closing of Rs. 6885.20 on the BSE.
The scrip opened at Rs. 6943.90 and has touched a high and low of Rs. 6976.75 and Rs. 6895.85 respectively. So far 1336 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 7575.90 on 02-Feb-2022 and a 52 week low of Rs. 5158.05 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 6976.75 and Rs. 6605.45 respectively. The current market cap of the company is Rs. 198761.57 crore.
The promoters holding in the company stood at 59.96%, while Institutions and Non-Institutions held 31.56% and 7.96% respectively.
UltraTech Cement’s wholly owned subsidiary -- UltraTech Cement Middle East Investments (UCMEIL) has entered into a Share Sale and Purchase Agreement with Seven Seas Company LLC, Oman for acquisition of 70% equity shares in Duqm Cement Project International, LLC, Oman. Cost of acquisition is $2.25 million.
UltraTech Cement is the largest manufacturer of grey cement, Ready Mix Concrete (RMC) and white cement in India.
