Mumbai, April 4 -- The company has executed a share purchase agreement with the existing shareholders of Wonder WallCare.

The deal is expected to close in the next 90 days, subject to applicable regulatory approvals and compliances.

Wonder WallCare is engaged in the manufacturing of wall putty and related products. It had recorded a turnover of Rs 78.61 crore in FY24.

This acquisition gives UltraTech, access to a new 6 lac MT per annum manufacturing plant for wall putty and related products at Rajsamand - Nathdwara, Rajasthan. The plant is situated at the pithead of large high quality raw material reserves, and in close proximity to the company's existing putty manufacturing facilities in Rajasthan.

Constructed in 2022-23, this plant ...