Shree Digvijay Cement Co.Ltd has informed the Exchange about Copy of Newspaper Publication
SHREDIGCEM · price
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Shree Digvijay Cement has filed copies of newspaper advertisements containing the written reasoned recommendations of its Committee of Independent Directors (IDC) on an open offer from India Resurgence Fund schemes. The acquirers are offering Rs. 92.20 per equity share to buy up to 3,85,43,837 shares (26% of expanded share capital) from public shareholders. Axis Capital is the manager to the offer, and Beeline Capital Advisors prepared the independent valuation report. The IDC, after reviewing all offer documents and the valuation, unanimously recommended the Rs. 92.20 offer price as fair and reasonable. Key supporting points: the price is higher than the highest negotiated price of Rs. 86.70 and the 60-day volume-weighted average market price of Rs. 91.96 on NSE. The advertisements were published on December 31, 2025 in Financial Express, Jansatta, Navshakti, and Nobat newspapers.
Public shareholders now have an official, unbiased opinion that the open offer price of Rs. 92.20 is fair and reasonable, helping them decide whether to tender shares. With the offer price only marginally above recent trading levels (60-day VWAP of Rs. 91.96), the premium on the table is small, so shareholders should weigh the offer against expected future returns.