UltraTech Cement: UltraTech’s open offer for India Cements oversubscribed

Mumbai: UltraTech Cement‘s open offer for subsidiary India Cements has seen a rare oversubscription, thanks to its high offer price. Less than 5% open offers launched since 2015 in the country have been fully subscribed, data compiled by ET showed.

The ₹390-per-share offer, open from January 8…