The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for India Resurgence Fund Series 1
SHREDIGCEM · price
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India Resurgence Fund (Scheme 1, Scheme 2, and Scheme 4) acting as part of the promoter/promoter group of Shree Digvijay Cement Company Limited has acquired 7,412,277 shares (4.51% stake) through open market purchases on March 30, 2026. Their combined holding increased from 59.05% to 63.57% of the company's total share capital of 1,47,86,92,780 equity shares. The acquisition was done through three schemes - Scheme 2 purchased the largest chunk at 3.39%, while Scheme 1 bought 0.83% and Scheme 4 bought 0.29%. There are no encumbrances, warrants, or convertible securities involved in this transaction.
The India Resurgence Fund (Piramal-Bain Capital partnership) now holds 63.57% of the company, approaching the 65% threshold that triggers mandatory open offer requirements under SEBI SAST regulations. Existing shareholders should monitor if the fund continues accumulating shares toward this threshold.