Promoters of the Udaipur Cement Works to sell 13.64 per cent stake

The promoters of the Udaipur Cement Works, including JK Lakshmi Cement Ltd, will sell their combined stake of 13.64 per cent in the company.

The promoters of Udaipur Cement Works will sell the stake through the offer for sale (OFS) route today.
"The floor price offered under the sale shall be INR10 per share of Udaipur Cement Works Ltd," the promoters told the Bombay Stock Exchange.

"JK Lakshmi Cement, Florence Investech and JK Paper, part of the promoter group of Udaipur Cements Works, intend to make an offer for sale of 4,02,63,413 shares... representing 13.64 per cent of the equity share capital of the company," according to the regulatory filing.