Letter of Offer filed for open offer to acquire 26% of Shree Digvijay Cement

Open Offer TriggeredListed Co AcquisitionStrategic Transactions View source PDF Explain this filing

SHREDIGCEM · price

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

Price reactionminutes from the announcement price · days from the prior close

+1.1%Reaction day

₹90.02

prior close

₹91.02

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.8%+1.9% vs market

Cement & Cement Products peers, median of 35sector-0.5%+1.6% vs sector

On the reaction day the stock moved 1.9 pts more than Nifty Microcap 250 and 1.6 pts more than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.1-0.8+1.9-0.5+1.6

Next day

+1.1-0.8+1.9-0.8+1.9

+1.0+0.6+0.4-0.2+1.2

+1.1+0.8+0.3+0.5+0.6

+1.1+1.7-0.6+1.2-0.1

+1.2+2.0-0.7+1.7-0.5

+1.3+1.3-0.0+0.9+0.3

15d

-14.9-7.1-7.8-3.9-11.0

-18.2-6.8-11.3-3.1-15.0

-23.6-7.1-16.5-9.4-14.2

-37.6-15.7-21.8-24.5-13.1

UpDownMarket · Nifty Microcap 250Sector · Cement & Cement Products peers, median of 35Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

India Resurgence Fund (three schemes) is making a cash open offer to acquire up to 3,85,43,837 equity shares representing 26% of the expanded share capital of Shree Digvijay Cement at INR 92.20 per share. Maximum offer consideration is about INR 355.37 crores. The underlying share purchase agreement with seller True North Fund VI LLP saw first closing on Dec 18, 2025 with transfer of 45.01% stake. Competition Commission approval received on Nov 18, 2025. Offer opens Jan 5, 2026 and closes Jan 16, 2026.

Likely market impact

Public shareholders can tender shares at INR 92.20 per share between Jan 5 and Jan 16, 2026. Acquirers already hold 45.01% post first closing.