ICICI Securities Limited has submitted to the Exchange a copy of details of shares subscribed as at 17:16:45 on April 03, 2025.
CEMPRO · price
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Awaiting price reaction for this filing.
ICICI Securities, acting as Manager to the Open Offer for ITD Cementation India Limited by acquirer Renew Exim DMCC, has reported tendering status as at 5:16 PM on April 3, 2025. Public shareholders have tendered 55,80,666 equity shares in the Open Offer Escrow Demat Account, representing 12.49% of the total offer size of 4,46,64,772 shares. The Letter of Offer was originally dated March 18, 2025. The final accepted shares may differ from those tendered, pending validation and verification of documents.
The 12.49% tendering response is a modest portion of the offer size, suggesting limited public enthusiasm so far. Shareholders of ITD Cementation should watch for further tendering updates and the final acceptance figures, which will determine how much control Renew Exim DMCC gains in the company.