India Cements , a prominent player in the Indian cement industry, has successfully completed a significant share sale through an offer for sale (OFS) by its promoter, UltraTech Cement Limited. The transaction, conducted via the stock exchange mechanism, took place on August 21-22, 2025, resulting in UltraTech Cement reducing its stake in India Cements from 81.49% to 75.60%.

Transaction Details

UltraTech Cement sold a total of 1,82,47,148 equity shares of India Cements during the two-day OFS. The sale was executed in two phases:

1. August 21, 2025: Non-retail investors
2. August 22, 2025: Retail investors and non-retail investors with unallotted bids from the previous day

Initially, UltraTech had announced plans to sell up to 2,01,12,330 shares, representing a 6.49% stake in India Cements. However, the final number of shares sold was based on valid bids received from both retail and non-retail investors.

Shareholding Impact

The share sale has resulted in the following changes to UltraTech Cement's ownership in India Cements:

Regulatory Compliance

In compliance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, UltraTech Cement filed the necessary disclosures with the BSE Limited and National Stock Exchange of India Limited on August 25, 2025.

About India Cements

India Cements has a total equity share capital of 30,98,97,201 shares, each with a face value of ₹10. The company's shares are listed on both the BSE and NSE.

This strategic move by UltraTech Cement aligns with regulatory requirements and market dynamics, potentially impacting the ownership structure of India Cements. Investors and market watchers will likely keep a close eye on any further developments or implications of this significant shareholding change in the cement sector.

India Cements , a prominent player in the Indian cement industry, has made a significant move in its potential deal with UltraTech Cement. The company has established a floor price of ₹368.00 per share for UltraTech's stake acquisition, setting the stage for what could be a notable transaction in the cement sector.

Deal Specifics

The pricing decision relates to UltraTech's investment or acquisition interest in India Cements shares. This floor price provides a clear baseline for negotiations and underscores the value India Cements places on its equity.

Market Implications

This development is likely to draw attention from investors and industry analysts alike. The ₹368.00 per share floor price could serve as a benchmark for valuing India Cements in the current market context. It also signals the company's confidence in its fundamentals and future prospects.

Strategic Considerations

For UltraTech Cement, a subsidiary of the Aditya Birla Group and one of India's largest cement manufacturers, this potential stake acquisition could be part of a broader strategy to consolidate its position in the market. The interest in India Cements suggests UltraTech's continued focus on expanding its presence in the cement industry.

Industry Landscape

This move comes at a time when the Indian cement industry is experiencing significant consolidation and strategic realignments. The potential deal between India Cements and UltraTech could reshape the competitive landscape in certain regions where both companies have a strong presence.

Looking Ahead

As negotiations progress, stakeholders will be keenly watching for further developments. The outcome of this potential transaction could have far-reaching implications for both companies and the broader cement industry in India. However, it's important to note that at this stage, the establishment of a floor price is just one step in what could be a complex negotiation process.

Investors and industry observers are advised to stay tuned for official announcements from both India Cements and UltraTech Cement regarding the progress of this potential stake acquisition.