UltraTech Cement appoints two additional independent directors

UltraTech Cement Ltd, India's largest cement producer, on Monday said it has appointed Renuka Ramnath and Sukanya Kripalu as additional independent directors on its board.

The appointments are effective as of 11 October 2014, the Adity Birla Group company said in a filing to the exchanges.

Ramnath is the founder of Mutliples, a US$400m private equity fund, and is a former managing director and chief executive officer of ICICI Venture.

Kripalu is director at Sukanya Consulting and was the former chief executive officer at Quadra Advisory.