Sale16 Jan 2026, 05:21 pm
UltraTech Cement Ltd to Sell Subsidiary Bhumi Resources to Celestial Energy Pte. Ltd.
AI Summary
UltraTech Cement Ltd has entered into a Share Purchase Agreement with Celestial Energy Pte. Ltd. for the sale of its entire stake in Bhumi Resources (Singapore) Pte. Ltd. along with its non-operating subsidiaries. The sale is expected to be completed by 31st March, 2026, with a consideration of USD 107. The buyer, Celestial Energy Pte. Ltd., is a company incorporated under the laws of Singapore and does not belong to the promoter/promoter group/group companies.
Key Highlights
- UltraTech Cement Ltd to sell Bhumi Resources (Singapore) Pte. Ltd. and its non-operating subsidiaries.
- The sale is expected to be completed by 31st March, 2026.
- The consideration for the sale is USD 107.
- The buyer, Celestial Energy Pte. Ltd., is a company incorporated under the laws of Singapore.
- Celestial Energy Pte. Ltd. does not belong to the promoter/promoter group/group companies.