Andhra Cements Limited has informed regarding Intimation of Sale of Equity Shares of the Andhra Cements Limited by Sagar Cements Limited, Promoter for achieving Minimum Public Shareholding
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Sagar Cements Limited, the promoter of Andhra Cements Limited, sold 66,76,843 equity shares (7.24% of paid-up capital) through an Offer for Sale (OFS) on the stock exchange between March 17-18, 2026. As a result, the promoter's stake in Andhra Cements reduced from 82.24% to 75%. With this sale, public shareholding in the company has risen to 25%, meeting the Minimum Public Shareholding (MPS) requirement under SEBI and SCRR rules. This was done via the stock exchange OFS mechanism prescribed by SEBI for achieving MPS compliance.
The stock may see some short-term selling pressure from the OFS supply, but the company is now fully compliant with the 25% minimum public shareholding norm, which improves its eligibility for broader index inclusion and reduces regulatory risk.