New Delhi, Aug. 20 -- Cement major UltraTech Cement on August 20 informed the exchanges that it will sell up to 6.49 per cent of its stake in India Cements via an open market offer. No deal value was stated in the filing.

"The stake sale was approved the for upto 2,01,12,330 equity shares of India Cements, representing 6.49 per cent of the issued and paid-up equity share capital of ICEM, by way of an offer for sale through the stock exchange mechanism," the statement read.

This comes after Ultratech took over India Cements in July 2024.

(This is a developing story, more updates coming.)

Published by HT Digital Content Services with permission from MINT....