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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True North Fund VI LLP, previously part of the promoter group of Shree Digvijay Cement Company, sold 6,67,25,311 equity shares (45.01% of the company's share capital) through open market transactions on December 18, 2025. Before this sale, True North held 8,08,25,928 shares (54.52%); after the sale, its holding drops to 1,41,00,617 shares (9.51%). As a result of this transaction, True North will be reclassified as a 'public shareholder' rather than a promoter. The deal was executed pursuant to a share purchase agreement dated September 4, 2025 between True North and entities under the India Resurgence Fund. No encumbrance (pledge/lien) details are involved in this transaction.
A near-complete exit by the promoter-group entity changes the company's ownership structure significantly and may introduce a new majority shareholder via the India Resurgence Fund. Retail investors should monitor for any open offer obligations, changes in promoter composition, and potential shifts in management control.