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India Cements Capital Limited
9 articles
A mandatory open offer is underway for 26% of India Cements Capital shares at ₹12 per share, triggered by the acquisition of a 50.02% stake from promoter Sri Saradha Logistics for ₹13.03 crore. The offer, led by Sandeep Jain, Vikas Garg, Rahul Nagar, and PAC Neha Agarwal, involves a total consideration of ₹6.77 crore and requires regulatory approval from the Reserve Bank of India due to the company's status as an Authorized Dealer Category II entity. This transaction will significantly increase the acquirers' stake to 68.45% upon completion, potentially impacting the company’s governance and future strategic direction, and investors should monitor the RBI’s decision closely.
India Cements Capital Independent Directors Approve Open Offer
Independent Directors Committee approved the open offer by Sandeep Jain, Vikas Garg, Rahul Nagar and Neha Agarwal for 26% stake at ₹12 per share.
The offer price of ₹12 per share is below the current
India Cements Capital Open Offer for 26% at ₹12
Mandatory open offer by Sandeep Jain, Vikas Garg, and Rahul Nagar to acquire up to 56,43,612 equity shares (26%) of India Cements Capital Limited at ₹12 per share.
Offer triggered by Share Purchase Ag
India Cements Capital 26% Open Offer at ₹12/Share
Mandatory open offer by Sandeep Jain, Vikas Garg, Rahul Nagar and Neha Agarwal (PAC) to acquire up to 56,43,612 equity shares (26%) of India Cements Capital Limited at ₹12 per share.
Triggered by acqu
India Cements Capital Open Offer for 26% at ₹12/Share
Mandatory open offer by Sandeep Jain, Vikas Garg, and Rahul Nagar to acquire up to 56,43,612 shares (26% stake) in India Cements Capital Ltd at ₹12 per share.
Offer triggered by Share Purchase Agreeme
India Cements Capital Mandatory Open Offer for 26%
Acquirers Sandeep Jain, Vikas Garg, Rahul Nagar and PAC Neha Agarwal launch a mandatory open offer for 26% of India Cements Capital shares at ₹12 per share.
The offer is triggered by a Share Purchase
India Cements Capital Open Offer for 26% at ₹12/Share
India Cements Capital received a Detailed Public Statement for a mandatory open offer to acquire 26% equity shares from public shareholders.
The open offer is triggered by acquirers Sandeep Jain, Vika
India Cements Capital Open Offer for 26% at ₹12
Acquirers Sandeep Jain, Vikas Garg, Rahul Nagar and PAC Neha Agarwal launch mandatory open offer for 26% equity (56.44 lakh shares) of India Cements Capital Ltd at ₹12/share.
Offer triggered by Share
India Cements Capital Open Offer for 26% at ₹12
Acquirers Sandeep Jain, Vikas Garg, and Rahul Nagar launch mandatory open offer for 26% of India Cements Capital shares at ₹12 per share.
Offer triggered by acquisition of 50.02% promoter stake from S
India Cements Capital Open Offer for 26% at ₹12
• Public announcement for mandatory open offer to acquire 26% (56.44 lakh shares) of India Cements Capital Ltd from public shareholders at ₹12 per share.
• Offer triggered by acquirers' purchase of 50