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)