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%.
