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Shree Digvijay Cement Company Ltd is primarily engaged in the business of manufacture and sale of cement.
Acquirers are making an open offer for 26.00% of Shree Digvijay Cement shares, valuing approximately 38.54 Cr. The tendering period for this acquisition offer has been extended by one working day.
India Resurgence Fund acquired control of Shree Digvijay Cement & launched an open offer for 26% more shares at INR 92.20 (totaling INR 355.37 Cr). Old promoter re-classified to public. Acquirers aim to boost growth, efficiency; company recently expanded capacity to 30 lakh tonnes annually.
India Resurgence Fund acquired 6.67 Cr shares (45.01%) from True North Fund VI LLP, gaining control of the company. True North is now a public shareholder.
India Resurgence Fund entities have launched an open offer to acquire approximately 3.85 Cr equity shares of Shree Digvijay Cement, representing 26% of its expanded share capital. This marks a significant corporate development.
Shree Digvijay Cement Company Limited has announced a board meeting to consider the financial results for the quarter and half-year. The company is currently under a preliminary investigation by the Competition Commission of India, with no findings of contravention so far. SDCCL is working to obtain full details and will...