Open Offer21 Oct 2026, 06:40 pm
India Cements Capital: Open Offer for 26% Stake at ₹12/Share
AI Summary
India Cements Capital Limited has received a Letter of Offer (LOF) dated October 14, 2026, regarding an Open Offer to its public shareholders. The offer is being made by Mr. Sandeep Jain, Mr. Vikas Garg, and Mr. Rahul Nagar, along with Mrs. Neha Agarwal (Persons Acting in Concert), to acquire up to 56,43,612 equity shares, representing 26% of the voting share capital. The offer price is ₹12 per fully paid-up equity share, payable in cash. This Open Offer is being made pursuant to SEBI (SAST) Regulations, 2011, and is not conditional upon any minimum acceptance level or a competing offer. Necessary statutory approvals, including from the RBI, have been obtained.
Key Highlights
- Open Offer to acquire 26% stake in India Cements Capital.
- Offer price set at ₹12 per equity share, payable in cash.
- Acquirers are Mr. Sandeep Jain, Mr. Vikas Garg, Mr. Rahul Nagar, and Mrs. Neha Agarwal.
- Offer made under SEBI (SAST) Regulations, 2011.
- No minimum acceptance condition or competing offer.
Price Impact
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