Fidelity decreased its stake in Deccan Cements from 7.77% to 7.61%, selling 22,500 shares. The value of shares sold was ₹1.25 crore at a price of ₹556.00 per share.
A cement manufacturer established in 1979, Deccan Cements produces and distributes cement for construction and infrastructure projects across India. Beyond cement production, the company generates and sells power from hydroelectric and wind energy sources. This diversified business model combining cement manufacturing with renewable energy generation provides operational efficiency and positions the company distinctly within India's cement industry.
Boston-based global active asset manager with India exposure through emerging market and India-focused funds.
