Mauritius Debt Management has sold 0.65% stake in Saurashtra Cement for Rs 1.34 crore. It sold 0.33 million shares at an average price of Rs 40.06 on the Bombay Stock Echange (BSE).
Saurashtra Cement (SCL) is the flag ship company of The Mehta Group. It is one of the leading players in the Indian cement industry, manufacturing Portland Pozzolana Cement (PPC), Ordinary Portland Cement (OPC) and Sulphate Resisting Portland Cement (SRPC).