UltraTech Cement to Acquire Wonder WallCare for Rs 2.35 Bn
Cement

UltraTech Cement to Acquire Wonder WallCare for Rs 2.35 Bn

UltraTech Cement Ltd, the flagship company of the Aditya Birla Group, announced on Thursday, 3 April, that its board of directors has approved the acquisition of 100 per cent equity in Wonder WallCare at an enterprise value of up to Rs 2.35 billion. A Share Purchase Agreement has been signed with the existing shareholders of Wonder WallCare.

The transaction, which remains subject to regulatory approvals and compliance, is expected to be completed within 90 days. As part of the deal, UltraTech will acquire 6.42 crore equity shares of Rs 10 each—aligning with the company’s broader strategy to expand its white cement and wall putty business.

This acquisition grants UltraTech access to a newly built, state-of-the-art manufacturing facility with a capacity of 6 lakh metric tonnes per annum for wall putty and related products. The plant, located at Rajsamand – Nathdwara in Rajasthan, is situated at the pithead of high-quality raw material reserves and is in proximity to UltraTech’s existing putty manufacturing units.

Constructed during 2022–23, the Rajsamand facility ranks among the largest single-location putty manufacturing plants in India, with scope for further capacity expansion. The acquisition will significantly enhance UltraTech’s production capabilities in value-added products, helping it gain a stronger foothold in India’s competitive and fragmented wall putty market.

Shares of UltraTech Cement ended at Rs11,583.65 on the BSE, up Rs 328.25 or 2.92 per cent.

UltraTech Cement Ltd, the flagship company of the Aditya Birla Group, announced on Thursday, 3 April, that its board of directors has approved the acquisition of 100 per cent equity in Wonder WallCare at an enterprise value of up to Rs 2.35 billion. A Share Purchase Agreement has been signed with the existing shareholders of Wonder WallCare. The transaction, which remains subject to regulatory approvals and compliance, is expected to be completed within 90 days. As part of the deal, UltraTech will acquire 6.42 crore equity shares of Rs 10 each—aligning with the company’s broader strategy to expand its white cement and wall putty business. This acquisition grants UltraTech access to a newly built, state-of-the-art manufacturing facility with a capacity of 6 lakh metric tonnes per annum for wall putty and related products. The plant, located at Rajsamand – Nathdwara in Rajasthan, is situated at the pithead of high-quality raw material reserves and is in proximity to UltraTech’s existing putty manufacturing units. Constructed during 2022–23, the Rajsamand facility ranks among the largest single-location putty manufacturing plants in India, with scope for further capacity expansion. The acquisition will significantly enhance UltraTech’s production capabilities in value-added products, helping it gain a stronger foothold in India’s competitive and fragmented wall putty market. Shares of UltraTech Cement ended at Rs11,583.65 on the BSE, up Rs 328.25 or 2.92 per cent.

Next Story
Resources

Rustomjee Builds Model Labour Housing in Thane

In a pioneering move that redefines worker welfare in Indian real estate, Rustomjee Group has unveiled a state-of-the-art 35,000 sq. ft. labour housing facility at the construction site of Rustomjee Urbania in Thane. The project sets a new industry benchmark by integrating comfort, safety, sustainability, and dignity into housing for 500 construction workers. Spread across 84 well-ventilated rooms, each 10x10 feet and accommodating up to six individuals, the facility offers far more than basic shelter. It represents a deeper cultural shift in how the construction workforce is valued—creatin..

Next Story
Real Estate

Young and Old Fuel India’s Housing Boom

India’s housing market is witnessing a surprising surge in interest from two distinct age groups—young professionals and senior citizens. A recent consumer sentiment survey of 1,950 prospective homebuyers reveals that both 18–24-year-olds and those aged 75 and above are showing strong intent to invest in real estate, highlighting a shift in how different generations are approaching property ownership. Young professionals, driven by rising incomes and a long-term view on wealth creation, recorded a Housing Sentiment Index (HSI) score of 164. Respondents from this group indicated they are..

Next Story
Resources

AD Ports’ LNG-Powered Ro-Ro Vessel Sets Sail from Khalifa Port

United Global Ro-Ro, a joint venture between Noatum Maritime (a part of AD Ports Group’s Maritime & Shipping Cluster) and Erkport, has marked a major milestone with the maiden voyage of its first LNG-powered Pure Car and Truck Carrier (PCTC), UGR Al Samha, at Khalifa Port. This event signifies a new chapter in sustainable maritime logistics, as the deep-sea vessel will serve as a green link across trade routes spanning the Middle East, Asia, and the Mediterranean. With a cargo capacity of over 7,000 car equivalent units (CEU) across 12 decks, UGR Al Samha has been designed to optimise the ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?