UltraTech to sell up to 6.5% stake in India Cements via OFS
Published on 20/08/2025 04:16 PM
UltraTech to sell up to 6.5% stake in India Cements via OFSUltraTech Cement, which took control of India Cements in July 2024, did not disclose the deal value.By Meghna Sen August 20, 2025, 4:16:38 PM IST (Updated)1 Min ReadThe board of UltraTech Cement Ltd. on Wednesday, August 20, approved the sale of up to 2.01 crore equity shares of India Cements, representing a 6.49% stake in the company.
The stake sale will be carried out through an offer for sale (OFS), the cement major said in an exchange filing.
India’s largest cement maker, which took control of India Cements in July 2024, did not disclose the deal value.
Following the sale, UltraTech Cement’s stake in India Cements will reduce to 75% from 81.49%.
Shares of UltraTech Cement Ltd. ended 0.07% higher at ₹12,872, while shares of India Cements settled 0.60% lower at ₹371 on Wednesday.Continue ReadingFirst Published: Aug 20, 2025 4:07 PM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsIndia CementsUltraTech CementUltraTech Shares