UltraTech Cement sells its Chinese arm for Rs 900 crore
The plant was acquired acquisition of Binani Cement in 2018
The plant Shandong Binani Rongan Cement Co. Ltd. was acquired for Rs 7,950 Cr
UltraTech has entered into a binding agreement to divest its 92.5% stake in the unit
The deal value would be adjusted based on the working capital
