Shree Digvijay Cement: True North amends share sale price

Shree Digvijay Cement Company Limited announced on December 17, 2025, an amendment to a Share Purchase Agreement (SPA). This SPA, initially disclosed on September 4, 2025, involves True North Fund VI LLP ("Promoter") selling up to 74,271,009 equity shares, representing 50.10% of the company's share capital, to India Resurgence Fund – Scheme 1, India Resurgence Fund 2 – Scheme 2, and India Resurgence Fund 2 – Scheme 4 (collectively "Purchasers").

The amendment, executed on December 17, 2025, revises the price per equity share to INR 86.70 or a lower price mutually agreed upon by the parties. This transaction is not a related party transaction. While the listed entity is not a direct party to the amendment agreement, its promoter, True North Fund VI LLP, and the Purchasers are involved.

This amendment signifies an update to the terms under which the Purchasers will acquire control over Shree Digvijay Cement, as the previous SPA’s consummation would lead to a change in control. Aside from the revised equity share price, no other changes to the SPA's terms have been specified.