UltraTech to sell up to 6.5% stake in India Cements for regulatory compliance
The Rs 745-crore stake sale will bring the cement major’s holding in its subsidiary down to exactly 75% to meet SEBI's minimum public shareholding rules.
20 August, 2025•2 min
0
20 August, 2025•2 min
0
Getting your Trinity Audio player ready...
More in Business
Business
Jane Street continues to refrain from trading in India
While the US high-frequency trading giant was allowed to resume trading by SEBI after it deposited about Rs 4,844 crore last year, its counsel has argued that the firm still does not know what it can or cannot do in terms of trading in the Indian market.
You may also like
Business
NSE’s IPO bankers likely to run into a seller problem
Many of its 186,000 eligible shareholders are unlikely to sell their stock in the upcoming offer-for-sale—opting to resist formal price discovery and wait it out instead.
Business
Is a revival underway at Asian Paints?
The company’s Q2 results show a belated revival in fortunes, suggesting an aggressive growth path in an industry shaken up by Grasim. The latter is feeling the pressure for the first time ever since it launched its paints business in 2024.
Business
Conglomerates, duopolies and domination hamper India
The domination of a few business groups—conglomerates—is a defining feature of the country’s economy. This has been enabled by policy, leading to stifled innovation and hindered progress. All of this, in turn, exacerbates inequalities.