Acquisitions20 Aug 2025, 05:11 pm
UltraTech Cement to Sell 6.49% Stake in India Cements via OFS Mechanism
AI Summary
UltraTech Cement Limited, promoter of India Cements Ltd, proposes to sell up to 2,01,12,330 Equity Shares, representing 6.49% of the total issued and paid up Equity Share capital, through a separate, designated window of BSE and NSE. The offer for sale (OFS) is being undertaken for achieving the minimum public shareholding of India Cements Ltd as prescribed under securities regulations. The OFS shall take place over two trading days on a separate window of the Stock Exchanges on 21 August, 2025 and 22 August, 2025.
Key Highlights
- UltraTech Cement to sell 6.49% stake in India Cements Ltd.
- OFS to take place on 21st and 22nd August, 2025.
- Offer for sale is for achieving minimum public shareholding of India Cements Ltd.
- OFS to be conducted through a separate window of BSE and NSE.
- Minimum 25% of the Offer Shares reserved for Mutual Funds and Insurance Companies.