🚀 India Cements Hits All-Time High ₹400 on UltraTech’s Stake Sale News 🚀

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surged up to 8% by 1:45 PM on 21st August 2025, touching a fresh all-time high of ₹400. The rally came after majority shareholder UltraTech Cement announced plans to sell up to 6.49% stake via Offer for Sale (OFS) to comply with SEBI’s minimum public shareholding norms. 📌 Key Highlights: • UltraTech acquired India Cements in December 2024, currently holding 81.49% stake. • Stake sale via OFS to reduce promoter holding and meet SEBI’s requirements. • OFS structure: 🔹 Day 1: Non-retail investor bidding. 🔹 Day 2: Retail investor participation. • Strong buying interest pushed the stock to a record high of ₹400. • Rally reflects optimism on improved liquidity, regulatory compliance, and institutional participation. 📊 Traders should track OFS pricing, subscription levels, and volumes, as these factors could influence momentum in the coming sessions. Disclaimer: This document is prepared by SEBI RRA (Reg. No. INH000016649), solely for informational purposes. It does not constitute investment advice, trading recommendations, or an offer to buy/sell any securities. Information is based on sources deemed reliable but is not guaranteed for accuracy or completeness. No warranty, express or implied, is provided. Portions of this content may have been reviewed or refined using AI tools to enhance grammatical accuracy and sentence structure. Past performance is not indicative of future results. Investments are subject to market risks. Investors should consult a qualified financial advisor before making decisions. SEBI registration and NISM certification do not assure performance or returns. Any securities mentioned, if any, are purely illustrative and not recommendations.