Open Offer24 Jul 2026, 02:32 pm
India Cements Capital: Open Offer for 26% stake at ₹12/share
AI Summary
Fintellectual Corporate Advisors Private Limited, acting as the Manager to the Offer, has submitted a Public Announcement to BSE regarding an open offer for India Cements Capital Limited (ICCL). The offer is to acquire up to 56,43,612 fully paid-up equity shares, representing 26.00% of the voting share capital. The acquisition is being made by Mr. Sandeep Jain, Mr. Vikas Garg, and Mr. Rahul Nagar, along with Mrs. Neha Agarwal (PAC), at an offer price of ₹12 per share. This open offer is being made pursuant to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The announcement details the acquirers, the target company, and the terms of the open offer.
Key Highlights
- Open offer announced for 26% stake in India Cements Capital Limited.
- Acquisition by Mr. Sandeep Jain, Mr. Vikas Garg, Mr. Rahul Nagar, and Mrs. Neha Agarwal.
- Offer price set at ₹12 per equity share.
- Transaction is in compliance with SEBI (SAST) Regulations, 2011.
- Total of 56,43,612 equity shares are being sought in the open offer.
Price Impact
More from INDCEMCAP