Open Offer24 Jul 2026, 05:30 pm
India Cements Capital: Open Offer for 26% Stake by Acquirers
AI Summary
India Cements Capital Limited has received a Public Announcement regarding an Open Offer from Mr. Sandeep Jain, Mr. Vikas Garg, and Mr. Rahul Nagar, along with Mrs. Neha Agarwal (Persons Acting in Concert). The offer is to acquire up to 56,43,612 fully paid-up equity shares, representing 26.00% of the voting share capital, at a negotiated price of ₹12 per share. This open offer is being made in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The total value of the offer is approximately ₹13.03 Crores.
Key Highlights
- Open offer to acquire 26% of India Cements Capital shares.
- Acquirers: Sandeep Jain, Vikas Garg, Rahul Nagar, and Neha Agarwal.
- Offer price set at ₹12 per equity share.
- Total acquisition value approximately ₹13.03 Crores.
- Offer complies with SEBI (SAST) Regulations, 2011.
Price Impact
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