UltraTech Cement will offload up to 6.49% stake in India Cements via an offer for sale on August 21–22, aiming to trim its holding to 75% in line with SEBI regulations. The floor price has been fixed at ₹368 per share, with the stake sale expected to fetch around ₹740 crore. UltraTech, which acquired India Cements in 2024, is also in the process of expanding its production capacity.
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