India's Ultratech Cement closes lower on discounted block deals
** Shares of Ultratech Cement ULTC.NS close 1.42% lower at 12,398 rupees, biggest pct drop in a month ** Around 47,368 shares traded in multiple block deals at a discount of 0.7%-2% over previous session's close ** Stock up nearly 9% YTD (Reporting by Urvi Dugar) ((UrviManoj.Dugar@thomsonreuters.com;))
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