CCI approves Shree Digvijay Cement's distribution and acquisition plans

Shree Digvijay Cement Co. Ltd. has received approval from the Competition Commission of India (CCI) for its Distribution Transaction and a proposed acquisition of the company’s shares by India Resurgence Asset Management Business Private Limited. The approval was granted at the CCI meeting on November 18, 2025, under Section 31(1) of the Competition Act, 2002.

The approved Distribution Transaction involves a brand usage, supply, and distributorship agreement for Hi-Bond Cement Private Limited’s cement products, and an options agreement to acquire 100% equity shares of Hi-Bond. These agreements were initially communicated to the exchanges on September 4, 2025.

A joint application seeking CCI approval was filed on September 24, 2025, by Shree Digvijay Cement and India Resurgence Asset Management Business Private Limited, along with its associated funds.