Pilani Investment and Industries Corporation is set to sell approximately 1.7 million equity shares of UltraTech Cement through a vendor sale on the screen-based trading platforms of Indian stock exchanges, with the trade expected to take place on Thursday, August 13, 2026.The offer represents approximately 0.57% of UltraTech Cement’s existing total outstanding equity shares, based on shareholding available on the BSE for the quarter ended June 30, 2026, according to the deal term documents.The books opened on August 12 and are scheduled to close on August 13 at around 7:30 a.m.
IST, with an option to close earlier.
At the offer floor price, the transaction is valued at approximately Rs 1,908.5 crore, or about $200 million.The transaction is 100% secondary, with Pilani Investment and Industries Corporation as the seller.
Jefferies India Private Limited is the sole bookrunner and sole broker for the transaction.
The transaction carries a 60-day lock-up.The transaction is being offered to institutional investors and is not for distribution to retail clients.“No pricing guidance will be provided until the equity shares are crossed on the Indian stock exchanges on August 13.
