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Moneycontrol

Pilani Investment sells Rs 2,896 crore worth of UltraTech Cement shares; HDFC AMC, ICICI Pru MF among 17 buyers

AI Market Summary
Pilani Investment, a promoter-group entity, sold 25 lakh UltraTech Cement shares (0.84% equity) via block deals for Rs 2,896 crore at Rs 11,585/share, absorbed by 17 institutional buyers led by HDFC AMC and ICICI Prudential MF. The stock declined ~1.6% post-transaction, indicating near-term supply/technical pressure but also strong institutional demand, limiting broader market spillover.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT-0.78%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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Pilani Investment sold 25 lakh shares of UltraTech Cement, or 0.84% of the company’s paid-up equity, in open market transactions on August 13 for Rs 2,896.25 crore at Rs 11,585 per share. A total of 17 domestic and global investors bought the shares, led by HDFC AMC with 12.94 lakh shares worth Rs 1,500 crore. ICICI Prudential Mutual Fund bought 3.45 lakh shares worth Rs 400 crore.
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