MoneyWorks4Me

Derive Investments sells 19.50 lakh shares of India Cements

31 Mar 2016 Evaluate

Derive Investments has sold 19.50 lakh shares of India Cements through the open market route. The shares were sold on an average price of Rs 85.92 valuing the transaction to Rs 16.75 crore.

India Cements is the largest producer of cement in South India and one of the largest cement manufacturer in the country with a total installed cement manufacturing capacity of 14.05 mtpa (million tonnes per annum)

Peers
Company Name CMP
Ultratech Cement 10799.00
Ambuja Cements 363.00
ACC 1183.15
Shree Cement 21871.80
Dalmia Bharat 1680.60
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