UltraTech Cement allots shares following Kesoram scheme approval

UltraTech Cement announced the allotment of new shares following the completion of its Composite Scheme of Arrangement with Kesoram Industries Limited. A total of 59,74,301 new equity shares, each with a face value of ₹10, were allocated to Kesoram shareholders at a ratio of one UltraTech share for every 52 Kesoram shares. Furthermore, the company allotted 54,86,608 fully paid-up 7.3% non-convertible redeemable preference shares of ₹100 each. Additionally, 8,64,275 fully paid-up 7.3% non-convertible redeemable preference shares of ₹100 were allotted. As a result, UltraTech's paid-up capital now stands at ₹13,78,18,62,400, comprised of equity shares, cumulative redeemable preference shares, and non-convertible redeemable preference shares. Applications for listing the new shares have been submitted to the stock exchanges.