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UltraTech to Divest 6.49% Stake in India Cements via Share Sale

08-21-2025 05:03 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MarketSmith India

Market Pulse: Uptrend Under Pressure
Distribution Days: 4
Global Market View

Dow 30, +0.04%; S&P 500, -0.24%; Nasdaq Composite, -0.67%; Kospi, +0.98%
Buy Watchlist
Abbott India, Maruti Suzuki India, Dr Lal Pathlabs, Eicher Motors, Chalet Hotels and more.
Key News & Earnings Updates
Ultratech Cement approved selling up to 2.01 crore shares of India Cements, equal to a 6.49% stake.
Godrej Industries acquired a 7% stake in Godrej Skyline Developers (GSDL) for ₹9.25 lakh from existing shareholders.
Railtel Corporation Of India received two government work orders worth a total of ₹50.42 crore from agencies in Odisha and Kerala.
Exide Industries (Nse) infused ₹100 crore into its wholly-owned subsidiary, Exide Energy Solutions (EESL), through a rights issue.
Titan Company announced that P. B. Balaji has resigned as Non-Executive, Non-Independent Director, effective August 20.

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Disclaimer: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. It is for educational purposes only.

Akshay Tech Park Unit No 302 3RD Floor, Plot 72 & 73 EPIP Area Hoodi Village, Hobli, Whitefield, Krishnarajapuram, Bengaluru, Karnataka 560066

MarketSmith India is a top stock research platform that provides advisory services for investors and traders in the Indian stock market. Access the best Stock Analysis tools including stock screeners, stock watchlists, chart patterns, fundamental and technical analysis, and many more. Learn stock investing with stock market courses on the CANSLIM investing system by William J. O'Neil. Make informed decisions with our top stock advisory services by SEBI registered research analysts. Stay updated with top-rated Growth Stocks, breakout stocks, stocks to watch, IPO stocks, market outlook, and stock market news.

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