UltraTech Cement has announced that it will divest its entire 92.5 per cent stake in China's Shandong Binani Rongan Cement Co. Krishna Holdings, incorporated in Singapore and a subsidiary of the company's wholly-owned subsidiary UltraTech Nathdwara Cement has informed that it has entered into a binding agreement for divesting its entire equity shareholding of 92.5 per cent in Shandong Binani Rongan Cement, the company said in a statement to the BSE. In terms of the agreement, Krishna will divest its entire shareholding at an enterprise value of RMB 845 mn +/- working capital adjustments on closing, equivalent of approximately $120 mn subject to customary closing conditions and regulatory approvals.Contact: Rattnam Mehrotra, Head-Sales & Marketing, UltraTech Cement.  Address: Ahura Centre, B Wing, 2nd Floor, Mahakali Caves Rd, Andheri East, Mumbai, Maharashtra 400093.Tel: 022-669 17800.Email ID: ultratech.care@adityabirla.comWebsite: www.ultratechcement.com