Axis Capita Ltd has submitted to the Exchange a copy of pre-offer advertisement under Regulation 18(7) of the SEBI (SAST) Regulations, 2011, as amended (SEBI (SAST) Regulations and Second Corrigendum to the detailed public statement for the attention of the public shareholders of the company.
SHREDIGCEM · price
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On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and in line with 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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Axis Capital, the manager to the open offer, has submitted the pre-offer advertisement and second corrigendum for the mandatory open offer to acquire up to 3,85,43,837 equity shares (26% of expanded share capital) of Shree Digvijay Cement Co. Ltd. The offer is being made by India Resurgence Fund (Scheme 1, Scheme 2, and Scheme 4) at a price of INR 92.20 per share in cash, with no revision from the original announced price. The independent directors committee of the target company has recommended the offer as fair and reasonable, noting the price is above the negotiated price of INR 86.70 and the 60-day volume-weighted average market price of INR 91.96. The tendering period will run from January 5, 2026 to January 16, 2026, with settlement expected by February 2, 2026.
Public shareholders of Shree Digvijay Cement can tender their shares in the open offer at INR 92.20 per share during the January 5-16, 2026 window. The offer price represents a premium over both the negotiated acquisition price and recent market trading levels, giving shareholders a defined exit opportunity at a price deemed fair by the company's independent directors.