UltraTech Cement Limited to Sell up to 6.49% of India Cements Limited on BSE and NSE

Strategic Insights -

UltraTech Cement Limited, the promoter of India Cements Limited, proposes to sell up to 2,01,12,330 equity shares of the company on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE) through a separate window on August 21 and 22, 2025. The sale will represent up to 6.49% of the total issued and paid-up equity share capital of the company. The floor price of the offer is set at Rs. 368 per equity share.

Key Takeaways:

  • The sale of equity shares is subject to the Revised Guidelines for Bidding in Offer for Sale (OFS) Segment issued by the BSE and the Securities and Exchange Board of India (SEBI) circulars.
  • The OFS will be conducted through a separate designated window on the BSE and NSE.
  • The floor price of the offer is Rs. 368 per equity share.
  • Market participants are requested to refer to the BSE notice nos. 20190118-43, 20200701-27, and 20230127-14 for the Comprehensive Framework on Offer for Sale (OFS) of Shares through Stock Exchange Mechanism.
  • The Securities and Exchange Board of India (SEBI) has issued various circulars and guidelines regarding the offer for sale, including SEBI/HO/MRD/DOPI/CIR/P/2018/159 and SEBI/HO/MRD/MRD-PoD-3/P/CIR/2024/82.
  • The sale will be conducted in accordance with the SEBI OFS Circulars and the Revised Operational Guidelines for Offer for Sale (OFS) Segment.

Statistics:

  • Up to 2,01,12,330 equity shares proposed to be sold.
  • Representing up to 6.49% of the total issued and paid-up equity share capital of India Cements Limited.
  • Floor price of the offer: Rs. 368 per equity share.
  • Sale to be conducted on August 21 and 22, 2025.
  • Transaction to be conducted through a separate designated window on the BSE and NSE.

Sources:

  • BSE Notice nos. 20190118-43, 20200701-27, and 20230127-14, dated January 18, 2019, July 1, 2020, and January 27, 2023, respectively.
  • Securities and Exchange Board of India (SEBI) circular nos. SEBI/HO/MRD/DOPI/CIR/P/2018/159, dated December 28, 2018; SEBI/HO/MRD/MRD-PoD-3/P/CIR/2023/10, dated January 10, 2023; and SEBI/HO/MRD/MRD-PoD-3/P/CIR/2024/6, dated January 23, 2024.