Anjani Portland Cement Limited has informed the Exchange about sale of shares held in subsidiary
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Anjani Portland Cement has sold 6.35 crore equity shares, representing 48% of its holding, in its subsidiary Bhavya Cements Private Limited (BCPL) to Chettinad Cement Corporation Private Limited (CCCPL). The sale was completed on December 31, 2025, through an off-market transaction after shareholder approval via postal ballot on December 24, 2025. Post-sale, Anjani still holds 51.01% in BCPL, so it continues to be classified as a subsidiary. The transaction was approved by members through a special resolution, indicating a strategic decision to bring in Chettinad Cement as a significant partner.
The deal brings in cash inflows for Anjani while keeping BCPL under its control, but it also gives Chettinad Cement a sizeable minority stake in a cement subsidiary. Investors should note the partial dilution of economic interest in BCPL even though consolidation continues.