Andhra Cements Limited
Company is in business of cement production and is part Jaypee Group. Company is having 2 manufacturing Plants situated in Andhra Pradesh.Plant operations of the Company areat halt due to shortage of working capital and consequential attachment of stocks and bank accounts of the Company by the GST authorities and Power disconnection by the concerned Electricity Board.
What Andhra files
- Others41
- Board Meeting13
- Important11
- Updates8
- Insider Trade4
- Results3
Andhra Cements promoter, Sagar Cements, sold 66,76,843 equity shares (7.24% stake) via an Offer for Sale, valued at approximately ₹6.68 Cr. This transaction was to meet Minimum Public Shareholding requirements. Post-sale, Sagar Cements' holding in Andhra Cements reduced from 58.49% to 51.25%.
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Andhra Cements promoter Sagar Cements Limited has disposed of 71,48,978 equity shares, representing 7.76% of the company's total paid-up equity. This sale was conducted via an Offer for Sale through the stock exchange mechanism to meet minimum public shareholding requirements. Post-transaction, the promoter's voting shareholding in Andhra Cements has decreased...
Andhra Cements' promoter, Sagar Cements, sold 71,48,978 equity shares through an Offer for Sale (OFS). This disposal reduced Sagar Cements' direct shareholding in Andhra Cements from 66.25% to 58.49%. Their pledged shareholding remains unchanged at 23.75%.