UltraTech Cement Middle East Investments Limited acquired an additional 29.4% stake in APEX Investment Company P.S.C. (ADX:APEX) for approximately $100 million on April 15, 2022. Consideration will be paid in cash and Post completion, Ultratech will hold 29.8% stake in RAK cement UltraTech Cement Middle East Investments Limited completed the acquisition of an additional 29.4% stake in APEX Investment Company P.S.C. (ADX:APEX) on April 15, 2022