UltraTech Cement to Acquire Wonder WallCare for Rs 2.35 Bn

07 Apr 2025 CW Team

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.

Real Estate

01 Dec 2025

Serene, Gardencity to Develop Rs 3 Billion Senior Living Project in Bengaluru

Serene Communities, a leading senior living brand, has partnered with Gardencity Realty to develop a premium senior living community in Budigere, one of Bengaluru’s fastest-growing residential micro-markets. The project will span approximately 300,000 sq ft, with a Gross Development Value of about Rs 3 billion, and will add roughly 250 senior-friendly residences to the city’s growing retirement housing segment.The launch forms part of Serene Communities’ national expansion strategy. The company has 11 new projects under development with a planned investment of Rs 25 billion that will add..

Alliance City Developers Marks Major 2025 Milestones in Vile Parle

Alliance City Developers Realtors has announced significant project milestones and expansions in 2025, underscoring what the company terms a transformational year. The developer completed multiple residential projects and launched two premium developments in Vile Parle (East), one of Mumbai’s most sought-after neighbourhoods.During the year, Alliance Legacy in Matunga (East) received its Occupancy Certificate (OC), while Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East) were granted Completion Certificates (CC), marking final project delivery. Alliance Abhimanyu is ..

Moro Hub and PwC Middle East Partner to Accelerate Smart City Solutions

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has announced a strategic collaboration with PwC Middle East to advance Smart City, Integrated Command Centre (ICC), Critical Infrastructure Monitoring and Internet of Things (IoT) initiatives across the region. The partnership brings together Moro Hub’s digital infrastructure and IoT capabilities with PwC’s global expertise in digital trust, smart city strategy and cybersecurity to support the UAE’s vision for intelligent and sustainable cities.“Our collaboration with PwC Middle Ea..