India Cements Capital gets RBI approval for change in control

India Cements Capital Limited has received approval from the Reserve Bank of India (RBI) for a change in management, control, or ownership of more than 50 percent. This approval was a prerequisite as disclosed in the Draft Letter of Offer (DLOF) for an open offer to public shareholders, managed by Fintellectual Corporate Advisors Private Limited. The company had filed an application with the RBI on August 26, 2026, and received the approval via email on September 30, 2026. The application reference number is PRV.CO.FED.2026-2027.P783.