The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ultra Tech Cement Ltd
INDIACEM · price
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UltraTech Cement, the promoter of India Cements, sold 1,82,47,148 equity shares (5.89% of paid-up capital) through an Offer for Sale (OFS) on August 21–22, 2025, via the stock exchange mechanism. The OFS was originally announced on August 20, 2025 for up to 2,01,12,330 shares (6.49%), but only 1.82 crore shares were subscribed based on valid bids from retail and non-retail investors. After the sale, UltraTech's holding in India Cements has dropped from 81.49% (25.25 crore shares) to 75.60% (23.43 crore shares). The total equity share capital of India Cements remains unchanged at 30.99 crore shares of face value ₹10 each.
This promoter stake sale of nearly 6% increases the public float in India Cements, which should improve share liquidity and trading volumes. UltraTech continues to hold a commanding 75.60% stake, so control is unaffected, but the move signals a gradual move toward trimming its holding closer to SEBI's minimum public shareholding requirement.