Ultratech finds the offer attractive

Ultratech Cement Ltd has informed BSE that the Board of Directors the Company at its meeting held on October 06, 2009, inter alia, has deliberated upon the proposal received from Samruddhi Cement Ltd ("Samruddhi") in relation to a potential consolidation of Samruddhi and the Company.

The Board, having found the proposal attractive, constituted and authorized a Committee of Directors and Officers of the Company to, inter alia, evaluate and consider the proposal in consultation with legal and financial advisors.

The Committee is expected to revert to the Board with its recommendations by 1st week of November, 2009.
Uploaded at 10/06/2009 06:39:00 PM
by Chinmay
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