# Pilani Investment to sell UltraTech stake worth Rs 1,909 crore 2026-08-12T17:20:11+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 3 independent outlets Pilani Investment and Industries Corporation will sell 1.7 million shares of UltraTech Cement through a block deal on Thursday at a floor price of Rs 11,481 apiece, a 3% discount to Wednesday's close. The deal, managed by Jefferies India, is expected to raise up to Rs 1,909 crore, as per a term sheet seen by Mint. Pilani currently holds a 1.5% stake, while promoter entities own over 59%. The sale comes amid a wave of secondary-market exits by early backers in Indian companies. UltraTech recently reported a 17% jump in Q1 net profit to Rs 2,599 crore and has committed Rs 10,255 crore to expand capacity to over 241 mtpa by FY28. NDTV Profit reported that Pilani may route the proceeds as dividends to the Birla Group, potentially yielding 31%. ## Coverage - thehindubusinessline.com - livemint.com - ndtvprofit.com This story was synthesised by AI from the 3 sources linked above. Updated: this story now draws on 3 sources. Last updated 2026-09-27T06:10:58+00:00. Tags: Aditya Birla Group, block deal, cement industry, Pilani Investment, stake sale, UltraTech Cement Canonical: https://indianopinion.org/pilani-investment-to-sell-ultratech-stake-worth-rs-1909-crore/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/pilani-investment-to-sell-ultratech-stake-worth-rs-1909-crore/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes. How this brief was made: an AI model read the reports linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. Stance labels are editorial classifications of how each outlet framed this story, assigned by the same model, not ratings of the outlets. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/