Pilani Investment sells 1% stake in UltraTech for ₹2,896 crore
after close1 source ↓written by the desknot a recommendation
- sold
- 1% stake
- through open market
- ₹2,896 crore
- at an average
- 25 lakh shares
- each
- ₹11,585
- its holding
- 1%
Pilani Investment and Industries Corporation, a promoter of UltraTech Cement, sold nearly 1% stake for ₹2,896 crore through open market transactions. The sale involved 25 lakh shares at an average price of ₹11,585 each, reducing its holding to 1% from 1.5%. This impacts the promoter group's total stake, now at 58.49%.
Not investment advice. For informational purposes only.