Promoter Pilani Investment plans block sale of UltraTech stake worth Rs 1,909 crore
UltraTech Cement shares may be in focus as promoter entity Pilani Investment and Industries Corporation plans to sell a 0.57% stake via a block deal. The offer price is set at Rs 11,481 per share, around a 3% discount, with a 60-day lock-in. UltraTech also reported strong Q1 results ended June 30, 2026, with revenue and profit rising on healthy volume expansion.
Coverage (3)
- UltraTech Cement slips 2% amid block deal; over 2.5 mn shares change hands (business-standard.com)
- UltraTech Cement Block Deal: Promoter Pilani Investment Offloads 0.85% Stake Worth Rs 2,986 Crore (ndtvprofit.com)
- UltraTech Cement Block Deal: Promoter Pilani Investment To Sell Stake Worth Rs 1,909 Crore (ndtvprofit.com)