UltraTech’s open offer for India Cements oversubscribed

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.

More To Explore

6 penny stocks soared 20-60% in a week

Our selection criteria focused on stocks with a market capitalisation below Rs 1,000 crore, a share price under Rs 20, and a minimum trading volume