UltraTech Cement Limited has informed the Exchange regarding Outcome of Committee Meeting held on August 20, 2025.
ULTRACEMCO · price
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UltraTech Cement's Committee of Directors approved selling up to 2,01,12,330 equity shares (6.49%) of The India Cements Limited (ICEM) through an offer for sale (OFS) on the stock exchanges. The sale will be carried out in accordance with SEBI and stock exchange guidelines. The committee meeting was held on August 20, 2025, from 3:15 p.m. to 3:35 p.m. This is part of UltraTech's ongoing reduction of its holding in ICEM, likely to comply with SEBI's minimum public shareholding norms or to monetize its investment.
This OFS sale will increase the floating supply of India Cements shares in the market, which may put short-term downward pressure on ICEM's stock price. For UltraTech, the sale represents a partial monetization of its investment in ICEM and may free up capital for its core cement business expansion.