UltraTech to Offload 6.49% Stake in India Cements via OFS

UltraTech Cement, India’s largest cement maker, has decided to sell a 6.49% stake in India Cements through an Offer for Sale (OFS). This move comes at a time when the cement industry is going through rapid change, driven by infrastructure growth, housing demand, and shifting investor interest. An OFS allows large shareholders to reduce their holdings in a listed company in a transparent way, and that’s exactly what UltraTech is doing here.