Deals24 Jul 2026, 06:00 pm

Promoter Sells 50.02% Stake in India Cements Capital; Open Offer Triggered

AI Summary

India Cements Capital Limited announced that its promoter, M/s. Sri Saradha Logistics Private Limited, has entered into a Share Purchase Agreement (SPA) to sell its entire 50.02% stake (1,08,58,186 equity shares) to Mr. Sandeep Jain, Mr. Vikas Garg, and Mr. Rahul Nagar. This transaction triggers an Open Offer obligation for the acquirers to the public shareholders as per SEBI (SAST) Regulations. Upon completion, the acquirers will gain control of the company and be classified as promoters. The transaction is subject to applicable approvals, including from the Reserve Bank of India.

Key Highlights

Promoter Sri Saradha Logistics to sell 50.02% stake.
Acquirers: Sandeep Jain, Vikas Garg, Rahul Nagar.
Transaction triggers mandatory Open Offer to public shareholders.
Acquirers will gain control of India Cements Capital.
Deal subject to regulatory approvals, including RBI.

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INDCEMCAP

Non Banking Financial Company (NBFC)

INDIA CEMENTS CAPITAL LTD.

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