Pilani Investment and Industries Corporation Ltd offloads 25 lakh equity shares, representing roughly a 0.85% stake in UltraTech Cement Ltd. The deal is valued at about ₹2,986 crore, according to one report, while another outlet places the value at approximately ₹2,896 crore, reflecting slight differences in stated transaction figures.
The share sale is described as bringing additional institutional investors into UltraTech’s shareholder base. Both outlets note that the promoter group continues to hold a majority stake in the company after the transaction. The reports do not indicate that UltraTech’s control or promoter ownership changes as a result of the offloading, focusing instead on the stake reduction by the selling promoter entity and the resulting change in the composition of investors.
