India Cements shares surged nearly 4% to ₹384.55 on August 21, 2025, following UltraTech Cement Limited’s announcement to sell up to 6.49% stake in the company via an Offer for Sale (OFS). The transaction is expected to generate approximately ₹740 crore and bring UltraTech’s holding down to 75%, meeting the Minimum Public Shareholding (MPS) requirements mandated by regulators.
India Cements Limited, headquartered in Chennai, Tamil Nadu, is one of India’s leading cement manufacturers, operating in the construction and infrastructure sector. The company produces a wide range of cement products, catering to industrial, commercial, and residential projects across India.
On Thursday, August 21, 2025, India Cements shares rose by 3.93% to ₹384.55 per share, driven by the market response to UltraTech Cement’s announcement to offload a 6.49% stake via Offer for Sale (OFS). UltraTech Cement shares traded marginally lower by 0.37%, at ₹12,826.
Details of UltraTech’s Stake Sale
The UltraTech Cement Limited board approved the sale of 6.49% equity stake in India Cements to comply with Minimum Public Shareholding (MPS) regulations. The OFS will be conducted over two trading sessions:
- August 21, 2025 (T Day): Exclusive bidding for non-retail investors.
- August 22, 2025 (T+1 Day): Window open for retail investors and non-retail investors to revise or carry forward unallocated bids.
The floor price for the OFS has been set at ₹368 per share, closely aligned with India Cements’ recent market price. At the prevailing trading rate, the transaction is projected to generate approximately ₹740 crore for UltraTech, reducing its stake from 81.49% to 75% post-sale.
Also Read: UltraTech Cement to Offload 6.5% Stake in India Cements as Expansion Targets Near
This strategic move not only ensures regulatory compliance but also provides liquidity to UltraTech Cement, strengthening its financial flexibility while enabling greater public participation in India Cements shares.
Financial Performance of India Cements
India Cements posted a positive EBITDA of ₹83 crore for the June quarter, marking a recovery after multiple quarters of losses. The improvement is attributed to enhanced operational efficiency, cost optimization, and a stronger demand environment.
The OFS aligns with regulatory requirements under SEBI guidelines, ensuring transparent and equitable participation for both retail and non-retail investors. This structured approach provides a fair opportunity for shareholders to acquire India Cements stock through a dedicated stock exchange window.
Market Outlook
The India Cements stock rally reflects positive market sentiment towards the company’s improved operational performance and strategic shareholder actions. The stake sale by UltraTech Cement is expected to enhance market liquidity and ensure compliance with MPS requirements, providing a robust foundation for sustained investor interest.
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