
Sale20 Aug 2025, 03:51 pm
UltraTech Cement Approves Sale of 6.49% Stake in The India Cements via Stock Exchange
AI Summary
UltraTech Cement Ltd has announced that its Committee of Directors and Officers, known as the MPS Committee, approved the sale of up to 2,01,12,330 equity shares of The India Cements Limited. This represents 6.49% of the issued and paid-up equity share capital of ICEM. The sale will be conducted through the stock exchange mechanism, adhering to applicable laws and the circulars issued by the Securities and Exchange Board of India and the stock exchanges. The MPS Committee meeting was held on 20th August 2025, from 3:15 p.m. to 3:35 p.m.
Key Highlights
- UltraTech Cement to sell 6.49% stake in The India Cements Limited
- The sale will be conducted through the stock exchange mechanism
- The decision was made at a meeting of the MPS Committee on 20th August 2025