Acquisitions2 April 2026 at 03:25 am
India Resurgence Fund Acquires Significant Stake in Shree Digvijay Cement Company Ltd
AI Summary
India Resurgence Fund, a Piramal-Bain Capital Partnership, has acquired a substantial stake in Shree Digvijay Cement Company Ltd through its schemes 1, 2, and 4. The acquisition includes a total of 59.20% shares carrying voting rights, as per the disclosure made under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Key Highlights
- India Resurgence Fund acquires 10.77%, 44.43%, and 3.86% stake in Shree Digvijay Cement Company Ltd through its schemes 1, 2, and 4 respectively.
- The total stake acquired by the India Resurgence Fund, including encumbrance and voting rights, is 59.20%.
- This acquisition is in accordance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- Shree Digvijay Cement Company Ltd shares are listed on the National Stock Exchange of India Ltd and BSE Limited.