India Cements Share Price Surges Over 3% after UltraTech Cement Plans to Sell its 6.49% Stake

UltraTech Cement Ltd, on Wednesday, announced that its Committee of Directors has approved the sale of up to 2,01,12,330 equity shares of The India Cements Ltd. The stake amounts to 6.49% of India Cements’ paid-up equity capital. The sale will be carried out through an offer for sale (OFS) route on the stock exchange. The OFS will be conducted on August 21-22, 2025.

As per news reports, the floor price for the sale has been fixed at ₹368 per share. 

Shareholding Structure

As per news reports, as of the June quarter, UltraTech Cement held an 81.49% stake in India Cements, or about 25 crore shares. Following the completion of this OFS, its shareholding will reduce to around 75%, still leaving it as the majority promoter of the company. India Cements became a subsidiary of UltraTech on December 25, 2024.

Past Acquisition

As per news reports, in July 2024, UltraTech acquired a 32.72% stake in India Cements from promoters and associates for ₹3,954 crore. It later launched an open offer worth ₹3,142.35 crore to acquire a further 26% from public shareholders. The deal received clearance from the Competition Commission of India in December 2024, after which UltraTech became the sole promoter.

UltraTech Q1 FY26 Earnings Results

UltraTech reported a 49% year-on-year rise in consolidated net profit at ₹2,226 crore for the April-June quarter of FY26, compared to ₹1,494.82 crore in the same period last year. Revenue rose 13% to ₹21,275.45 crore, while consolidated sales volumes stood at 36.83 million tonnes. Energy costs were down 12% year-on-year on lower fuel prices, whereas raw material costs were higher by 2%.   

Read more: UltraTech Cement Set to Achieve 200 MTPA Capacity Ahead of Schedule!

India Cements Share Price Performance 

As of 09:40 AM on August 21, 2025, India Cements share price was trading at ₹383.80, a 3.66% increase from the previous closing price.

Conclusion

The share sale will reduce UltraTech’s stake in India Cements but keep it as the controlling promoter. The transaction comes as the company continues to expand its cement capacity.

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