Sebi rule: UltraTech must sell 7% in India Cements – Times of India
CHENNAI/MUMBAI: India Cements’ new promoter, UltraTech Cement, will need to sell about 7 per cent of its stake, worth over Rs 667 crore, to meet the minimum public shareholding rules set by the capital market regulator. UltraTech currently owns about 82 per cent of India Cements, and the rules mandate that listed companies must have…