Sagar Cements sells 7.76% stake in Andhra Cements for MPS compliance
SAGCEM · price
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On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 1.5 pts less than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Sagar Cements, acting as promoter of Andhra Cements, sold 71,48,978 equity shares (7.76%) of Andhra Cements through Offer for Sale via stock exchange on Jan 9 and 12, 2026. Promoter holding in Andhra Cements fell from 90% to 82.24%, raising public shareholding from 10% to 17.76%. Sale done to help Andhra Cements meet the 25% minimum public shareholding norm under SEBI and SCRR rules.
Relates to Sagar Cements stake in Andhra Cements, not its own shares. No direct equity dilution for Sagar Cements shareholders.