Promoter SPA amended, 50.10% stake sale price revised to Rs 86.70/share

Listed 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

+1.8%Reaction day

₹88.66

prior close

₹89.42

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%+2.1% vs market

Cement & Cement Products peers, median of 35sector-0.7%+2.4% vs sector

On the reaction day the stock moved 2.1 pts more than Nifty Microcap 250 and 2.4 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

Stock

+0.8

10m

+0.8

15m

+0.7

30m

+0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.8-0.3+2.1-0.7+2.4

Next day

+1.6+0.9+0.6+0.1+1.5

+1.9+2.3-0.4+0.7+1.2

+1.7+2.4-0.7+0.9+0.8

+1.7+1.8-0.1+0.8+0.9

+1.5+1.3+0.2+1.3+0.3

+2.6+0.4+2.2+0.6+2.0

15d

+2.9-1.1+4.0-0.4+3.3

+0.8-3.3+4.2+0.3+0.6

-20.9-0.5-20.4-1.3-19.6

-29.7-8.2-21.5-12.3-17.4

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

True North Fund VI LLP (promoter) amended the Sept 4 share purchase agreement with India Resurgence Fund entities on Dec 17, 2025. Deal covers sale of 7.42 crore equity shares (50.10% of capital). Per-share price revised to Rs 86.70 or lower as mutually agreed. No other SPA terms changed.

Likely market impact

Revised pricing in this change-of-control deal may affect deal certainty; minority shareholders await revised open offer terms.