Block deal launched at a floor price of ₹11,481; Pilani Investment to sell stake in the company
A block deal has been launched for UltraTech Cement. The deal is likely to take place as soon as the stock market opens. According to information received by CNBC Awaaz, this block deal involving the company’s shares is being executed by Pilani Investment and Industries Corporation Limited.
A floor price of ₹11,481 per share has been set for the block deal, representing a discount of approximately 3% to the BSE closing price of ₹11,836 on August 12, 2026. The total size of the block deal is around ₹1,951 crore.
The offer comprises approximately 17 lakh (1.7 million) equity shares, representing about 0.57% of the company’s total outstanding equity shares. This is entirely a secondary sale, meaning an existing shareholder is selling their stake.
Jefferies India Private Limited is the sole book-runner and sole broker for the block deal. A 60-day lock-in period applies to the deal.
According to the documents, no pricing guidance will be provided until the shares are crossed on the Indian stock exchanges on August 13, 2026. Investors will be required to indicate their demand within the specified price range. Through this block deal, Pilani Investment will sell approximately 0.57% of its stake in UltraTech Cement.
