ICICI Securities Limited has submitted to the Exchange a copy of details of shares subscribed as at 17:15:33 on April 04, 2025.
CEMPRO · price
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Awaiting price reaction for this filing.
ICICI Securities, the manager to the open offer, has reported that as of 5:15 PM on April 4, 2025, public shareholders have tendered 1,23,13,242 equity shares in the open offer for ITD Cementation India Limited by acquirer Renew Exim DMCC. This represents 27.56% of the total offer size of up to 4,46,64,772 shares (face value INR 1 each). The open offer was made under the SEBI Takeover (SAST) Regulations, 2011, with the Letter of Offer dated March 18, 2025. The tendered shares are held in a designated escrow demat account and are subject to validation and document checks before final acceptance.
A 27.56% tendering response so far shows meaningful shareholder interest in the offer. Shareholders of ITD Cementation should watch the final acceptance ratio and settlement timeline, as this could influence short-term stock price action near the offer closing date.