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 & Others
SHREDIGCEM · price
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On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 0.1 pts more than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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On 18 December 2025, India Resurgence Fund — a Piramal-Bain Capital partnership — completed the acquisition of 6,67,25,311 equity shares (45.01%) of Shree Digvijay Cement Company from TrueNorth Fund VIII LP under the Share Purchase Agreement signed on 4 September 2025. The deal was originally for up to 50.10% of the share capital but the final pickup stood at 45.01% of equity. The three acquirer schemes (IndiaRF Scheme 1, IndiaRF 2 Scheme 2, and IndiaRF 2 Scheme 4) held NIL shares before this transaction and will now be classified as promoters of the listed cement maker (BSE: 502180, NSE: SHREDIGCEM). The total equity share capital of the company is 14,78,69,278 shares of face value ₹10 each, unchanged before and after the deal.
This marks a change of controlling shareholder in Shree Digvijay Cement, with marquee financial sponsors (Piramal and Bain Capital) replacing TrueNorth as the promoter group — potentially bringing new strategic direction, capital allocation choices, and governance focus for minority shareholders to watch.