India Cements Capital: Open Offer Draft Letter Submitted

Fintellectual Corporate Advisors Private Limited, acting as the Manager to the Open Offer, has submitted a Draft Letter of Offer (DLOF) to BSE for the public shareholders of India Cements Capital Limited (ICCL). The open offer is being made by Mr. Sandeep Jain, Mr. Vikas Garg, and Mr. Rahul Nagar, along with Mrs. Neha Agarwal (PAC), to acquire up to 56,43,612 equity shares, representing 26% of the voting share capital, at a price of ₹12 per share. This offer is being made pursuant to SEBI (SAST) Regulations and is not conditional on minimum acceptance. The DLOF details the acquirers, the target company, the offer price, and the number of shares to be acquired.