India: Pilani Investment and Industries Corporation sold a 0.85% stake in UltraTech Cement for US$304m on 13 August 2026. The company had held a 1.5% stake in the producer as of June 2026. The Business Standard newspaper has reported that domestic institutional investors bought the shares, led by HDFC Mutual Fund, which bought US$157m-worth (0.4%), and ICICI Prudential Mutual Fund, which bought US$41.9m-worth (0.1%).
Pilani Investment and Industries Corporation reduces minor UltraTech Cement share
