Sagar Cements Ltd Acquires 7.24% Stake in Andhra Cements Ltd for ₹ 92,17,21,400
Sagar Cements Ltd, the promoter of Andhra Cements Ltd, has acquired 7.24% stake in Andhra Cements Ltd through an Offer for Sale (OFS) mechanism. The OFS took place on March 17, 2026, for non-retail investors, and on March 18, 2026, for retail investors and non-retail investors who chose to carry forward their un-allotted bids. The total number of equity shares sold by Sagar Cements Ltd was 66,76,843, representing 7.24% of the total issued and paid-up Equity Share capital of Andhra Cements Ltd. The total transaction value was ₹ 92,17,21,400. The sale was conducted in accordance with the SEBI OFS Circular, the Revised Guidelines for Bidding in OFS Segment issued by BSE, and the Revised operating guidelines of Offer for Sale issued by NSE.
Key Highlights
- Sagar Cements Ltd, the promoter of Andhra Cements Ltd, has acquired a 7.24% stake in Andhra Cements Ltd.
- The acquisition was made through an Offer for Sale (OFS) mechanism.
- The total number of equity shares sold by Sagar Cements Ltd was 66,76,843, representing 7.24% of the total issued and paid-up Equity Share capital of Andhra Cements Ltd.
- The total transaction value was ₹ 92,17,21,400.
- The sale was conducted in accordance with the SEBI OFS Circular, the Revised Guidelines for Bidding in OFS Segment issued by BSE, and the Revised operating guidelines of Offer for Sale issued by NSE.