Sale20 Mar 2026, 11:24 am
Sagar Cements Sells 7.24% Stake in Andhra Cements through OFS Mechanism
AI Summary
Sagar Cements Limited, the promoter of Andhra Cements Limited, has sold 66,76,843 equity shares of Andhra Cements, representing 7.24% of the total issued and paid-up equity share capital. The sale took place through a separate designated window of the Stock Exchanges in accordance with the SEBI OFS Circular and the guidelines issued by BSE and NSE. The sale opened on March 17, 2026, for non-retail investors and closed on March 18, 2026, for retail investors and non-retail investors who chose to carry forward their un-allotted bids.
Key Highlights
- Sagar Cements, the promoter of Andhra Cements, sold 7.24% stake in Andhra Cements through an OFS mechanism.
- The sale took place on March 17, 2026, for non-retail investors and March 18, 2026, for retail investors.
- The sale was conducted through a separate designated window of the Stock Exchanges.
- The sale was in accordance with the SEBI OFS Circular and the guidelines issued by BSE and NSE.
- The total issued and paid-up equity share capital of Andhra Cements is 92,13,363 equity shares.