Home / Business and Economy / UltraTech Promoter Sells Stake for Rs 1,909 Cr
UltraTech Promoter Sells Stake for Rs 1,909 Cr
12 Aug
Summary
- Promoter entity to sell 0.57% stake in UltraTech Cement.
- Block deal estimated at Rs 1,909 crore with a 3% discount.
- Sold shares will be subject to a 60-day lock-in period.
Shares of UltraTech Cement are poised for attention on August 13, 2026, as its promoter, Pilani Investment and Industries Corporation, intends to sell a 0.57% stake. This significant transaction is structured as a block deal, with the offer price set at Rs 11,481 per share, representing a discount of approximately 3% from the prevailing market rate.
The total value of this proposed sale is estimated to be around Rs 1,909 crore. Jefferies is facilitating this transaction as the appointed banker, according to sources familiar with the matter. Pilani Investment currently holds a 1.5% stake in UltraTech Cement, making this sale a notable portion of its holdings.
Following the sale, the shares will be subject to a mandatory 60-day lock-in period. This development is significant for the cement major and its stakeholders.
