India Cements Capital: Open Offer Letter Submitted

Fintellectual Corporate Advisors Private Limited, acting as the Manager to the Open Offer, has submitted a Letter of Offer to BSE for the public shareholders of India Cements Capital Limited. The open 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 equity share, payable in cash. This offer is made pursuant to SEBI (SAST) Regulations, 2011, and is not conditional on minimum acceptance. Approvals from SEBI and RBI have been received.