India’s largest cement producer UltraTech completed the acquisition of an additional 25% stake in RAK White Cement. The deal (we reported here May 29, 2024) is equivalent to 125 million shares, according to a bourse disclosure dated 11.07.2024. The additional stake purchase brings Ultratech’s total stake in RAK White Cement to 54.39%, equivalent to 272 million shares. UltraTech operates via Birla White 3 white and putty cement factories in Kharia and Nathdware in Rayasthan and Katni (photo) in Madhya Pradesh with a combined capacity of 1.98 Mta.