The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for India Resurgence Fund
SHREDIGCEM · price
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India Resurgence Fund (comprising Scheme 1, Scheme 2, and Scheme 4) has acquired an additional 5% stake in Shree Digvijay Cement Company through off-market transactions on March 30, 2026. The fund purchased a total of 7,412,277 shares, with Scheme 2 acquiring the largest chunk at 3.76% (5,577,143 shares). Before this acquisition, the fund held 54.05% (80,132,596 shares), which has now increased to 59.05% (87,544,873 shares). The fund is classified as part of the Promoter/Promoter group. No shares were pledged or encumbered, and no warrants or convertible securities were involved.
The acquirer has crossed the 55% threshold, strengthening control over the company. This is a significant promoter-level acquisition, which may indicate confidence in the company's prospects but also reduces public float.