UltraTech Cement Limited acquires The India Cements Limited

This, together with the existing shareholding of 7,05,64,656 equity shares (22.77%) of the equity share capital of ICEM, has resulted in the Company’s shareholding increasing to 17,19,55,887 equity shares representing 55.49% of ICEM’s equity share capital.

Consequently, UltraTech has acquired sole control of ICEM and has become of the promoter of ICEM. ICEM has now become a subsidiary of the Company.