The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for India Resurgence Fund Scheme 1
SHREDIGCEM · price
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India Resurgence Fund (IRF) – a Piramal-Bain Capital partnership – disclosed acquisition of 7,412,277 equity shares (4.51%) in Shree Digvijay Cement Company via open market purchase on March 30, 2026. The acquisition was made by three IRF schemes acting in concert: Scheme 1 acquired 1,219,285 shares (0.83%), Scheme 2 acquired 5,032,439 shares (3.39%), and Scheme 4 acquired 436,616 shares (0.29%). After the transaction, IRF's combined holding rose from 59.05% to 63.57% of the company's total share capital of ~147.87 crore equity shares. The acquirers confirmed they belong to the Promoter/Promoter group. No pledges, encumbrances, warrants, or convertible securities were involved.
With a 63.57% promoter holding, the stock remains firmly with the IRF-backed promoter group, which limits free-float and reduces public share availability. The open market purchase was incremental and did not breach any regulatory threshold requiring additional compliance.