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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.

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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%.

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