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UltraTech Cement Limited ( (IN:ULTRACEMCO) ) has shared an announcement.
UltraTech Cement Limited has announced the sale of 1,82,47,148 equity shares in its subsidiary, The India Cements Limited, reducing its stake to 75.60%. This move, executed through an offer for sale via the stock exchange mechanism, is part of UltraTech’s strategic financial management and could impact its market positioning and shareholder value.
More about UltraTech Cement Limited
UltraTech Cement Limited is a prominent player in the cement industry, primarily engaged in the production and distribution of cement and related products. The company focuses on delivering high-quality building materials and has a significant market presence in India.
Average Trading Volume: 6,204
Technical Sentiment Signal: Buy
Current Market Cap: 3784.8B INR
Learn more about ULTRACEMCO stock on TipRanks’ Stock Analysis page.