Sagar Cements Limited has informed the Exchange regarding Outcome of Committee Meeting held on March 16, 2026.
SAGCEM · price
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Sagar Cements Limited's Investment Committee, at its meeting on March 16, 2026, approved an Offer for Sale (OFS) of up to 66,76,843 equity shares (7.24% of total paid-up capital) of its subsidiary, Andhra Cements Limited, through the stock exchange mechanism. The floor price has been set at ₹52 per share, with non-Retail Investors able to bid on March 17, 2026 and Retail Investors on March 18, 2026. Anand Rathi Share and Stock Brokers Limited will act as the sole broker for the sale. The purpose of the OFS is to help Andhra Cements Limited achieve the minimum public shareholding requirement as mandated under SEBI LODR Regulations and the Securities Contracts (Regulation) Rules. The retail discount has been set at Nil.
This is a routine promoter divestment in a subsidiary company (Andhra Cements Limited), not in Sagar Cements itself, so the direct impact on Sagar Cements shareholders is limited. The sale helps Andhra Cements meet mandatory minimum public shareholding norms and may increase float and liquidity in Andhra Cements stock.