Aditya Birla Group’s UltraTech Cement announced its intention to acquire a 31.6% stake in RAK Cement Co, a UAE-based company for White Cement and Construction Materials. This acquisition will be executed through UltraTech Cement Middle East Investments Ltd (UCMEIL), a wholly-owned subsidiary of UltraTech Cement in the UAE. RAK Cement RAKWCT was established in September …