True North exits as promoter; India Resurgence Fund acquires control of Shree Digvijay Cement

Listed Co AcquisitionOpen Offer TriggeredStrategic Transactions View source PDF Explain this filing

SHREDIGCEM · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.2%Reaction day

₹90.24

prior close

₹90.20

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.3%-1.5% vs market

Cement & Cement Products peers, median of 35sector+0.3%-0.5% vs sector

On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 0.5 pts less than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.1

10m

+0.1

15m

-0.0

30m

+0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.2+1.3-1.5+0.3-0.5

Next day

+0.1+2.6-2.5+0.7-0.6

-0.1+2.7-2.8+1.5-1.6

-0.0+2.1-2.2+1.7-1.7

-0.2+1.6-1.9+1.9-2.2

+0.9+0.8+0.0+1.5-0.6

+0.8+2.2-1.4+1.9-1.1

15d

+1.1-1.6+2.7+0.8+0.3

-0.9-3.0+2.1+0.5-1.4

-21.3-1.6-19.7-2.3-19.0

-33.0-10.5-22.5-14.9-18.0

UpDownMarket · Nifty Microcap 250Sector · Cement & Cement Products peers, median of 35Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

India Resurgence Fund (Schemes 1, 2-2 and 2-4) acquired 6,67,25,311 shares (45.01%) of Shree Digvijay Cement from True North Fund VI LLP under a Sept 4, 2025 SPA, taking control effective Dec 18, 2025. True North's holding dropped to 9.51% and it is reclassified from promoter to public. An open offer for 26% (3,85,43,837 shares) from public shareholders has been triggered under SEBI takeover rules.

Likely market impact

New promoter group takes control. Open offer of 26% gives public shareholders an exit opportunity. Expect management and strategic direction changes.