UltraTech Cement Limited
Franklin Templeton Global bought 49,422 shares of UltraTech Cement for ₹57.26 Cr at ₹11585.00 apiece in a block deal. Pilani Investment and Industries Corporation, a promoter entity, was reported to be selling a 0.57% stake in UltraTech Cement on this date through a block deal.
A leading cement manufacturer engaged in the production and distribution of cement and cement-related products across India and international markets. The company operates integrated cement plants equipped with modern technology and infrastructure to serve the construction, infrastructure, and industrial sectors. UltraTech maintains significant manufacturing capacity and operates an extensive distribution network across multiple regions to meet diverse customer requirements.
Franklin Templeton is a global investment manager listed in the United States (NYSE: BEN). Its offshore Templeton funds invest in Indian and emerging-market equities through the foreign portfolio investor route.