UltraTech Cement, which took control of India Cements in July 2024, did not disclose the deal value.
UltraTech Cement, which took control of India Cements in July 2024, did not disclose the deal value.
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.
First Published:Â Aug 20, 2025 4:07 PM IST
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