True North Fund VI LLP Divests Complete 9.54% Stake in Shree Digvijay Cement Company
True North Fund VI LLP has completely divested its 9.54% stake in Shree Digvijay Cement Company Limited, selling 14,100,617 shares through off-market and open market transactions on March 30, 2026. The fund, which was not part of the promoter group, has reduced its holding from 9.54% to zero, representing a complete exit from the cement company. The transaction has been disclosed under SEBI regulations, with the company's total equity share capital remaining at Rs. 1,478,692,780 comprising 147,869,278 shares.
*this image is generated using AI for illustrative purposes only.
Shree Digvijay Cement Company Limited has received a disclosure from True North Fund VI LLP regarding the complete divestment of its shareholding under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction represents a significant change in the company's shareholding pattern as the investment fund exits its position entirely.
Transaction Details
True North Fund VI LLP has sold its complete stake in the cement company through a combination of off-market and open market transactions. The fund disposed of 14,100,617 shares, representing 9.54% of the company's total voting capital. The transaction was executed on March 30, 2026, as per the regulatory filing.
| Parameter | Before Transaction | Shares Sold | After Transaction |
|---|---|---|---|
| Shares Held | 14,100,617 | 14,100,617 | Nil |
| Percentage Holding | 9.54% | 9.54% | Nil |
| Voting Rights | 9.54% | 9.54% | Nil |
Shareholding Structure
The disclosure confirms that True North Fund VI LLP was not part of the promoter or promoter group of Shree Digvijay Cement Company Limited. Prior to this transaction, the fund held no encumbrances, warrants, or convertible securities in the company. The entire holding consisted solely of equity shares carrying voting rights.
| Details | Amount/Number |
|---|---|
| Total Equity Share Capital | Rs. 1,478,692,780 |
| Number of Equity Shares | 147,869,278 |
| Face Value per Share | Rs. 10 |
| Shares Divested | 14,100,617 |
| Transaction Mode | Off Market and Open Market |
Regulatory Compliance
The transaction has been duly reported under SEBI regulations, with the disclosure signed by Rahul Vijay Mehta on behalf of True North Fund VI LLP on April 1, 2026. The company's shares are listed on both the National Stock Exchange of India Ltd and BSE Ltd. The total share capital figures are based on the latest filing done by the company as on December 31, 2025, under Regulation 31 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Fund Information
True North Fund VI LLP operates from its registered office at Suite F9C, Grand Hyatt Plaza, Santacruz (E), Mumbai, with an additional office in Bengaluru. The fund is registered with limited liability under LLPIN: AAK-2395. Following this complete divestment, True North Fund VI LLP no longer holds any shares or voting rights in Shree Digvijay Cement Company Limited.
Historical Stock Returns for Shree Digvijay Cement Company
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.36% | +14.47% | -4.79% | -27.84% | -6.44% | +4.55% |
Will True North's complete exit trigger interest from other institutional investors looking to acquire a significant stake in Shree Digvijay Cement?
How might the sudden availability of 9.54% shareholding in the market impact Shree Digvijay Cement's stock price volatility in the coming quarters?
Could this divestment signal True North's broader strategy shift away from the cement sector or infrastructure-related investments?
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