Renew Exim DMCC Reduces Cemindia Projects Holding by 1.50%

Renew Exim DMCC has reduced its shareholding in Cemindia Projects Limited. The transaction involved a reduction of 1,26,35,379 equity shares, representing a 1.50% decrease in voting rights. Following the transaction, Renew Exim DMCC's holding stands at 11,58,92,883 shares, which is 62.84% of the total diluted share capital. The reduction in voting rights is a result of the Target Company issuing further equity shares to Qualified Institutional Buyers, leading to a dilution of the promoter's voting rights.