UltraTech Cement Limited informed today that its Committee of Directors and Officers (MPS Committee) has approved the sale of up to 2.01 crore equity shares of The India Cements Limited (ICEM), representing 6.49% of ICEM’s total equity capital.
The sale will be conducted through an offer-for-sale on the stock exchange, complying with SEBI regulations and stock exchange guidelines.
In the excahgne filings, the company shared, “We wish to inform you that the Committee of Directors and Officers of UltraTech Cement Limited (“MPS Committee”), at its meeting held today i.e. 20th August, 2025, has approved the sale of upto 2,01,12,330 equity shares of The India Cements Limited (“ICEM”), representing 6.49% of the issued and paid-up equity share capital of ICEM, by way of an offer for sale through the stock exchange mechanism, in accordance with applicable laws and the circulars issued by the Securities and Exchange Board of India and the stock exchanges.”
In the meantime, UltraTech Cement shares closed at ₹12,872 today, showing a modest gain from the opening price of ₹12,850. The stock touched a high of ₹12,930 and a low of ₹12,765 during the trading session, staying near its 52-week peak of ₹12,930. The stock remains well above its 52-week low of ₹10,047.85
