Axis Capital ltd has submitted the Exchange a copy of Detailed public statement in terms of Regulation 3(1) and 4 Read with Regulations 13(4), 14(3) and 15(2) and other applicable Provisions of the Securities and Exchange Board of India ( SAST) Regulations, 2011, as Amended from time to time to the public shareholders of the company.
SHREDIGCEM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Axis Capital Ltd has submitted a Detailed Public Statement (DPS) to the stock exchange on behalf of an acquirer, in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing references key takeover regulation provisions (3(1), 4, 13(4), 14(3), 15(2)), which relate to trigger points for a mandatory open offer to public shareholders. This indicates that an acquirer has crossed or is set to cross the takeover threshold in Shree Digvijay Cement, requiring them to make a direct purchase offer to existing public shareholders at a specified price. The detailed terms—such as offer price, number of shares sought, and acquirer identity—would be disclosed in the DPS itself, which retail investors should review carefully on the NSE/BSE filings page.
This announcement confirms a takeover event for Shree Digvijay Cement, meaning public shareholders will likely receive an open offer to tender shares at a fixed price. The stock may trade closer to the offer price once details are disclosed, and shareholders should evaluate whether to tender or hold based on the offer price versus future prospects.