Open offer for Shree Digvijay Cement Company Limited shares announced

Axis Capital Limited, as manager to the offer, has announced an open offer for the acquisition of up to 3,85,43,837 fully paid-up equity shares of Shree Digvijay Cement Company Limited. This represents 26% of the Expanded Share Capital, with the offer price set at INR 92.20 per equity share. The total consideration payable by the acquirers, assuming full acceptance, will be INR 3,55,37,41,772.

The acquirers, India Resurgence Fund – Scheme 1, India Resurgence Fund 2 – Scheme 2, and India Resurgence Fund 2 – Scheme 4, will acquire control of the target company, with the seller (True North Fund VI LLP) being re-classified from promoter to public. The acquisition of Tranche 1 Sale Shares will lead to an aggregate shareholding of at least 50.1% of the Expanded Share Capital for the acquirers.

The offer is a mandatory open offer in compliance with SEBI (SAST) Regulations and is subject to the satisfaction of certain conditions precedent, including the Required Statutory Approval. The Public Announcement, dated September 04, 2025, indicates the detailed public statement will be published by September 12, 2025.