Open Offer7 Aug 2026, 05:31 pm
India Cements Capital: Open Offer for 56.43 Lakh Shares at ₹12
AI Summary
Fintellectual Corporate Advisors Private Limited, acting as Manager to the Open Offer, has issued a Draft Letter of Offer dated August 7, 2026, for India Cements Capital Limited. The offer is to acquire up to 56,43,612 fully paid-up equity shares, representing 26% of the voting share capital, at a price of ₹12 per share. The offer is made by Mr. Sandeep Jain, Mr. Vikas Garg, Mr. Rahul Nagar, and Mrs. Neha Agarwal (PAC), pursuant to SEBI (SAST) Regulations. The offer is not conditional on minimum acceptance and is not a competing offer. Approvals from RBI for change in control are pending, with no other major statutory approvals anticipated.
Key Highlights
- Open offer for 56.43 lakh shares of India Cements Capital.
- Offer price set at ₹12 per equity share.
- Acquisition represents 26% of the company's voting share capital.
- Offer made by Sandeep Jain, Vikas Garg, Rahul Nagar, and Neha Agarwal.
- Offer is voluntary and not conditional on minimum acceptance.
Price Impact
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