India Cements’ one of the promoter group companies -- Prince Holdings (Madras) -- has increased its stake to 8.3% now from 5.83% earlier by acquiring 76 lakh shares from the open market for Rs 65.36 crore.
Following the acquisition of shares, the total promoters’ stake in the company has gone up to 28.24%. The promoters had 7.91 crore shares or 25.77% stake in the company before the transaction. Following this, the company promoters now hold 8.67 crore shares in the company.
India Cements manufactures Ready to Mix concrete (RMC)-53 grade cement. Its Coromandel King, Sankar Sakthi and Raasi Gold are 53 grade OPC (Ordinary Portland Cement), which are high strength cement used for building runways, concrete roads and bridges.
Company Name | CMP |
---|---|
Ultratech Cement | 9893.10 |
Ambuja Cement | 635.90 |
ACC | 2554.45 |
Shree Cement | 24677.95 |
Dalmia Bharat | 1780.00 |
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