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UltraTech Cement Sells Non-Material Subsidiary Bhumi Resources (Singapore) Pte. Ltd. for USD 107
UltraTech Cement Limited
January 16, 2026, 11:50 AM
UltraTech Cement is selling its non-material subsidiary, Bhumi Resources (Singapore) Pte. Ltd., to Celestial Energy Pte. Ltd. for USD 107. The sale agreement was signed on January 16, 2026, with completion expected by March 31, 2026. The subsidiary had minimal financial contribution to the company.
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UltraTech Cement Limited has entered into a Share Purchase Agreement with Celestial Energy Pte. Ltd. for the sale of its entire stake in Bhumi Resources (Singapore) Pte. Ltd., a non-material subsidiary, along with its non-operating subsidiaries.
The transaction details were disclosed as per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The subsidiary contributed negligible amounts to UltraTech Cement's turnover, other income, and net worth as of December 31, 2025. Specifically, turnover was ₹0 (0.00% contribution), other income was USD 125 (0.00% contribution), and net worth was USD 104 (0.00% contribution).
The agreement for sale was entered into on January 16, 2026. The expected completion date for the sale is by March 31, 2026. The consideration received from this disposal is USD 107.
The buyer, Celestial Energy Pte Ltd., is a Singapore-incorporated company and does not belong to the promoter, promoter group, or group companies of UltraTech Cement. The transaction is not considered a related party transaction.
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