UltraTech Cement has entered into a Share Purchase Agreement to sell its entire stake in Bhumi Resources (Singapore) Pte. Ltd., along with its non-operating subsidiaries, to Celestial Energy Pte. Ltd. The transaction, involving a non-material subsidiary, is expected to be completed by March 31, 2026. The consideration received is USD 107. The buyer is not part of the promoter group.
Subsidiary Stake Sale
UltraTech Cement has finalized an agreement to divest its complete stake in Bhumi Resources (Singapore) Pte. Ltd. The sale encompasses all of Bhumi Resources’ non-operating subsidiaries. The agreement was officially signed on January 16, 2026. The buyer, Celestial Energy Pte. Ltd., is not part of UltraTech Cement’s promoter group.
Transaction Details
The transaction is expected to close by March 31, 2026. The total consideration received by UltraTech Cement for this sale is USD 107 (United States Dollars One Hundred and Seven Only).
Financial Impact
As of December 31, 2025, Bhumi Resources (Singapore) Pte. Ltd. contributed negligibly to UltraTech Cement’s financials:
- Turnover: 0
- Other Income: 125 USD
- Net Worth: 104 USD
Source: BSE
