Axis Capital Submits Public Announcement for Shree Digvijay Cement Company's 26% Share Acquisition by India Resurgence Fund

Axis Capital Ltd, the Manager to the Offer, has submitted a public announcement for the acquisition of 26% of Shree Digvijay Cement Company Limited’s (Target Company) expanded share capital by India Resurgence Fund — Scheme 1, India Resurgence Fund 2 — Scheme 2, and India Resurgence Fund 2 — Scheme 4. The acquisition is being made through an open offer, with Axis Capital Limited appointed as the Manager to the Open Offer. The open offer is for up to 3,85,43,837 fully paid up equity shares of the Target Company, representing 26.00% of the expanded share capital. The offer price is INR 92.20 per equity share. The total consideration, assuming full acceptance of the open offer, will be INR 355,37,41,772.