UltraTech Cement to Acquire 100% Equity of Wonder WallCare in ₹235 Crore Deal

UltraTech Cement Ltd., on April 3, 2025, announced the acquisition of 100% equity in Wonder WallCare Pvt. Ltd. The transaction is valued at an enterprise value not exceeding ₹235 crore. UltraTech will acquire 6,42,40,000 equity shares of ₹10 each through a cash consideration, and the deal is expected to close within three months.

As of 10:42 AM on April 4, 2025, UltraTech Cement share price was trading at ₹11,485.05, a 1.05% down, with a gain of 11.81% over the past month and 15.89% over the past year.

Share Purchase Agreement

The company has signed a Share Purchase Agreement (SPA) with Wonder Cement Ltd., the parent company of Wonder WallCare, and Mr. Kushal Sogani, who held a 25% stake. After completion, Wonder WallCare will become a wholly-owned subsidiary of UltraTech Cement.

Purpose of Acquisition

According to UltraTech, the acquisition supports its expansion plans in the white cement and wall putty segment. The company intends to scale up its production of value-added products in this category.

Regulatory and Transaction Details

• The acquisition is not classified as a related-party transaction.
• No regulatory approvals are required.
• The entire consideration will be paid in cash.

About Wonder WallCare Pvt. Ltd.

Wonder WallCare was incorporated on December 13, 2019. It operates in the manufacture of wall putty and related products. The company is based in Ajmer, Rajasthan. The turnover of Wonder WallCare has grown over the last three years:

FY22: ₹0 crore  

FY23: ₹20.36 crore  

FY24: ₹78.61 crore  

Manufacturing Facility

Wonder WallCare has a 6 lakh metric tonnes per annum (MTPA) manufacturing plant located in Rajsamand-Nathdwara, Rajasthan. The facility was constructed during FY23 and is located near raw material reserves and UltraTech’s existing manufacturing units in the region.

Conclusion

The transaction will help expand UltraTech’s presence in the wall putty segment and add a new manufacturing asset to its portfolio.

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