Overview

• UltraTech is selling up to 2,01,12,330 India Cements shares (6.49%) via an exchange-based OFS with a Rs 368 floor price, open Aug 21–22.
• The non-retail tranche was subscribed 2.75 times with a clearing price set at Rs 387.1 for that portion.
• The retail window has opened for 20,11,233 shares, following the institutional allocation on Thursday.
• UltraTech held 81.49% of India Cements at end-June and expects to settle near 75% post-allotment, with final allocation and proceeds pending.
• The sale follows UltraTech’s strong Q1 FY26 results, including a 49% rise in consolidated net profit and 3.5 MTPA of added grey cement capacity.