UltraTech Cement to profit from India Cements' stake sale

Business Industry

Posted by AI on 2025-08-20 18:19:12 | Last Updated by AI on 2025-08-20 20:24:26

Share: Facebook | Twitter | Whatsapp | Linkedin Visits: 1

---

By 2023, UltraTech Cement will likely profit from selling its stake in India Cements, which is worth up to $85.6 million. UltraTech Cement is the largest cement maker in India, with shares worth 12,874. India Cements' shares ended 0.8% lower at 370.25.

The company's primary market is in India, where it owns approximately 11.5% of India Cements. In a recent regulatory filing, the company announced that its board had approved the sale of the stake.

This decision is part of UltraTech's strategic positioning and alignment. The company aims to use the proceeds from the sale to fund future expansions and debt reduction.

The move is a favorable one for UltraTech, as India Cements struggles to deliver value to its shareholders. The company's stock has consistently underperformed compared to its peers in the industry.

Overall, the stake sale will enable UltraTech to focus on growing its business and pursuing new opportunities, while India Cements may benefit from increased company focus and fresh leadership.

The deal is a significant move for both companies, significantly impacting the Indian cement industry.

Go!