# Pilani Investment sells 0.85% UltraTech Cement stake for Rs 2,896 crore

2026-08-15T12:38:41+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet

Pilani Investment and Industries Corporation sold 25 lakh UltraTech Cement shares, or 0.85% of the company, for Rs 2,896.25 crore through block deals on Thursday, The Hindu BusinessLine reports. The shares changed hands in 18 tranches at an average Rs 11,585 each. Pilani Investment’s holding fell to nearly 1% from 1.5%, while the combined promoter and promoter-group holding declined to 58.49% from 59.33%. Domestic institutions including HDFC Mutual Fund, ICICI Prudential Mutual Fund and Kotak Mahindra Mutual Fund bought shares. JP Morgan and Norway’s Government Pension Fund Global also participated. UltraTech shares closed nearly 1% lower at Rs 11,750 on the BSE. The sale follows the company’s agreement to acquire 26% of Solaris Horizon Energy. UltraTech reported a 17.23% rise in June-quarter net profit to Rs 2,603.72 crore.

## Coverage

- thehindubusinessline.com <https://www.thehindubusinessline.com/markets/stock-markets/ultratech-cement-promoter-pilani-investment-sells-085-stake-for-2896-crore/article71343857.ece>

Tags: HDFC Mutual Fund, ICICI Prudential Mutual Fund, JP Morgan, Pilani Investment, UltraTech Cement
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