Promoter sells 50.02 percent stake to three acquirers, open offer triggered

Listed Co AcquisitionOpen Offer TriggeredStrategic Transactions View source PDF

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Price reaction · full curve 14 horizons · vs prior close

+3.9%1-day move

₹19.53

prior close

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AI summary

India Cements Capital's promoter Sri Saradha Logistics is selling its entire 50.02 percent stake (about 1.08 crore equity shares of Rs 10 each) to Sandeep Jain, Vikas Garg and Rahul Nagar via a Share Purchase Agreement signed July 24, 2026. This triggers an open offer to public shareholders under SEBI takeover rules. The three acquirers currently hold nil shares. After completion, they will become new promoters and gain control, subject to RBI approval.

Likely market impact

Change of control at promoter level. Open offer to public shareholders expected. Stock likely to see volatility around open offer pricing.