UltraTech Cement is preparing to sell its 6.49% stake in The India Cements through an Offer for Sale (OFS). This step will be taken under SEBI and stock exchange regulations. The company had already acquired a controlling stake in India Cements, making it its subsidiary. As a result of this deal, the company will be in focus in the stock market today.
UltraTech Cement Shares: Aditya Birla Group company UltraTech Cement has decided to sell its 6.49% stake in The India Cements. The company's board committee has approved the sale of 2.01 crore equity shares through an Offer for Sale (OFS) on the stock exchange platform. Previously, in December 2024, UltraTech acquired a 32.72% stake in India Cements, gaining control and making it its subsidiary. Investors will be watching UltraTech Cement shares on Thursday due to this deal.
Approval for Sale of 2.01 Crore Shares
UltraTech Cement informed on Wednesday that the company's Board of Directors and committee of officials have approved the sale of 2.01 crore equity shares of The India Cements Limited. This is approximately 6.49 percent of the company's paid-up equity capital. This disinvestment will be done entirely under the regulations of market regulator SEBI and the stock exchanges. This means the company will sell these shares on the stock exchange platform itself.
Major Deal Last Year
The deal between UltraTech Cement and India Cements took place in December last year. At that time, UltraTech acquired 10.13 crore equity shares of India Cements, equivalent to a 32.72 percent stake in the company. After this deal, UltraTech's total stake reached 55.49 percent.
Prior to this, in June 2023, UltraTech Cement purchased a 22.77 percent stake in India Cements at a rate of ₹268 per share. Following this, in July, the company took control of India Cements and became its promoter. With this move, India Cements became a subsidiary company of UltraTech Cement.
Major Purchase at ₹390 Per Share
The 32.72 percent stake that UltraTech Cement purchased in December 2023 was acquired at a rate of ₹390 per share. The total value of this deal was approximately ₹3954 crore. In this way, UltraTech established a b foothold in India Cements in a short period. Now, the company is preparing to raise cash by selling a portion of its investment.
India's Strength in the Cement Market
When it comes to cement production, India is the second-largest cement-producing country in the world. India holds 30.8 percent of the global cement production market share. Domestically, UltraTech Cement is the largest player, with its market share continuously increasing.
Company's Production Capacity
Company Chairman Kumar Mangalam Birla recently stated at the annual general meeting that UltraTech aims to surpass 200 million tonnes of annual production capacity by the end of fiscal year 2026. As of March 2025, the company's production capacity was 188.8 million tonnes.
In fiscal year 2025, UltraTech's net revenue reached ₹75,955 crore. Meanwhile, the company's sales volume was 135.83 million tonnes, showing an increase of over 14 percent year-on-year. These figures indicate that the company is expanding rapidly and strengthening its position in the market.
Disinvestment Will Follow SEBI Guidelines
The company has also clarified that the entire disinvestment will be conducted in accordance with the rules and guidelines set by SEBI and the stock exchanges. Selling stake through OFS is considered a transparent process for companies, as it provides an opportunity for all investors to bid.
