UltraTech Cement Ltd. has entered into a Share Purchase Agreement with Celestial Energy Pte. Ltd. to divest its entire stake in Bhumi Resources (Singapore) Pte. Ltd. and its non-operating subsidiaries. The transaction, signed on January 16, 2026, is expected to close by March 31, 2026, strengthening UltraTech’s portfolio focus.
UltraTech Cement, India’s largest cement manufacturer, has announced a strategic divestment move by signing a Share Purchase Agreement with Celestial Energy Pte. Ltd. The agreement involves the sale of UltraTech’s complete stake in Bhumi Resources (Singapore) Pte. Ltd., along with its non-operating subsidiaries.
The deal, though involving a non-material subsidiary, reflects UltraTech’s ongoing efforts to streamline its international holdings and sharpen its focus on core cement and building materials operations. The transaction is expected to be completed by March 31, 2026, with the consideration amount disclosed as USD 107.
Key Highlights
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Agreement Date: January 16, 2026.
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Buyer: Celestial Energy Pte. Ltd. (not part of UltraTech’s promoter group).
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Entity Sold: Bhumi Resources (Singapore) Pte. Ltd. and non-operating subsidiaries.
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Transaction Value: USD 107.
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Completion Timeline: By March 31, 2026.
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Strategic Impact: Streamlines UltraTech’s portfolio, focusing on core cement operations.
This move underscores UltraTech Cement’s strategy to consolidate resources and strengthen its leadership in the cement sector, while divesting non-core international assets.
Sources: InvestyWise, UltraTech Cement Exchange Filing (Jan 16, 2026).