The ₹390-per-share offer, open from January 8 to 21, was subscribed 110%. It will increase UltraTech’s stake in India Cements to 81.49%. India Cements’ shares closed at ₹295.15 on Friday, marking a nearly 22% gain in a year.
Benchmark yield softens 5 Bps to 6.52%
Lower US yields and expectations of a rate cut by RBI in its monetary policy next week have also weighed on yields, treasury heads at