The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for True North Fund VI LLP
SHREDIGCEM · price
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Private equity investor True North Fund VI LLP has completed the sale of 6,67,25,311 equity shares (45.01% of share capital) of Shree Digvijay Cement Company to India Resurgence Fund schemes (Scheme 1, Scheme 2, and Scheme 4). This follows a Share Purchase Agreement signed on September 4, 2025, which originally covered up to 7,42,71,009 shares (50.10%). Post-sale, True North Fund VI LLP retains only 14,100,617 shares (9.51%), down from 80,825,928 shares (54.52%) prior to the transaction. The deal was executed on December 18, 2025, and was disclosed under SEBI SAST Regulation 29(2). The transaction involves a change of control within the promoter group, with India Resurgence Fund emerging as the new majority owner.
This is a major ownership change at Shree Digvijay Cement, with a new sponsor (India Resurgence Fund, backed by Piramal and Bain Capital) taking over the controlling stake from True North. Investors should expect changes in strategic direction, board composition, and potential operational shifts. The stock may see volatility as the market digests the new ownership structure and any subsequent disclosures from the incoming acquirer.