Search
ieeditor
ieeditor

UltraTech to offload 6.5% Stake in India Cements via OFS

UltraTech Cement Ltd on Wednesday said its Committee of Directors and Officers has approved the sale of up to 2.01 crore equity shares of The India Cements Ltd, representing 6.49% of its paid-up equity capital.

Cement
Listen to this article

The divestment will be executed through an offer-for-sale (OFS) on the stock exchanges, in line with regulations laid down by the Securities and Exchange Board of India (SEBI) and the exchanges, the company said in a filing.

As of June 2025, UltraTech’s ownership in India Cements stood at 81.49%, making it the dominant shareholder in the company. India Cements became a subsidiary of UltraTech in December 2024, when the latter raised its stake to 55.49%.

Latest

Energy

US grants 30-day waiver to India to buy Russian Oil: Treasury Secretary Scott Bessent

0
To enable oil to keep flowing into the global...
Explainer

West Asia Conflict: A look at potential sectoral impact

0
Energy: A majority of energy is transported through the Strait...
Energy

Somany Ceramics says supplier restricts gas supply, amid Middle East conflict

0
Accordingly, SGL has informed that the Daily Contracted Quantity...
Energy

GAIL mulls supply cuts on customers, amid Force Majeure notices

0
GAIL said its long-term suppliers, Petronet LNG Ltd, has...

Newsletter

Don't miss

Energy

US grants 30-day waiver to India to buy Russian Oil: Treasury Secretary Scott Bessent

0
To enable oil to keep flowing into the global...
Explainer

West Asia Conflict: A look at potential sectoral impact

0
Energy: A majority of energy is transported through the Strait...
Energy

Somany Ceramics says supplier restricts gas supply, amid Middle East conflict

0
Accordingly, SGL has informed that the Daily Contracted Quantity...
Energy

GAIL mulls supply cuts on customers, amid Force Majeure notices

0
GAIL said its long-term suppliers, Petronet LNG Ltd, has...
Trump Tariffs

US Trade court orders tariff refunds: report

0
"All importers of record whose entries were subject to...
ieeditor
ieeditor

US grants 30-day waiver to India to buy Russian Oil: Treasury Secretary Scott Bessent

ieeditor -
To enable oil to keep flowing into the global market, the Treasury Department is issuing a temporary 30-day waiver to allow Indian refiners to...
Read more

West Asia Conflict: A look at potential sectoral impact

ieeditor -
Energy: A majority of energy is transported through the Strait of Hormuz, located between Oman and Iran and the vital artery for global energy trade,...
Read more

Somany Ceramics says supplier restricts gas supply, amid Middle East conflict

ieeditor -
Accordingly, SGL has informed that the Daily Contracted Quantity of gas supply shall be provisionally restricted to 50 per cent of the contracted quantity...
Read more

About us

Most recent

Most popular

Hot On Web

Kothari Industrial Corporation Limited - All rights reserved.