India Resurgence Fund acquires 5% stake, total holding rises to 59.05%

Creeping Acquisition Near ThresholdOwnership Changes View source PDF

SHREDIGCEM · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+4.7%1-day move

₹64.80

prior close

₹63.50

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-2.2-2.4-2.8-2.4+4.7+6.2+8.3+9.5+8.8+12.7+14.3+15.1+13.1+20.2

Up moveDown movePending

AI summary

India Resurgence Asset Management (Piramal-Bain Capital) acquired 74,12,277 shares (5.00%) of Shree Digvijay Cement via off-market deal on March 30, 2026, under a Sept 2025 share purchase agreement. Post-acquisition, combined holding with PACs rose from 54.05% to 59.05% (8,75,44,873 shares). Acquisition spread across three schemes: Scheme1 (0.91%), Scheme2 (3.76%), Scheme4 (0.33%). No encumbrance or warrants involved.

Likely market impact

Acquirer now holds 59.05%, approaching the regulatory threshold; further creeping acquisition limited, signaling consolidation of control.