NewsCorporate ActionsShree Digvijay Cement Open Offer Extended to January 19 Due to Trading HolidayShree Digvijay Cement Open Offer Extended to January 19 Due to Trading Holiday
Shree Digvijay Cement Company Limited announced extension of its mandatory open offer tendering period by India Resurgence Fund entities to January 19, 2026, following SEBI's permission due to trading holiday declared for Maharashtra municipal elections. The offer for 3,85,43,837 equity shares at ₹92.20 per share remains unchanged with revised payment completion by February 2, 2026.
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Shree Digvijay Cement Company Limited has announced an extension of the tendering period for its mandatory open offer by India Resurgence Fund entities. The open offer for acquisition of up to 3,85,43,837 equity shares representing 26.00% of the expanded share capital will now close on January 19, 2026, instead of the originally scheduled January 16, 2026.
Open Offer Extension Details
The Securities and Exchange Board of India (SEBI) has permitted the extension through its email dated January 13, 2026, following the declaration of a trading holiday on January 15, 2026 by BSE and NSE due to municipal corporation elections in Maharashtra. Axis Capital Limited, the manager to the open offer, communicated this change to the stock exchanges on January 14, 2026.
| Parameter: | Original Schedule | Revised Schedule |
|---|---|---|
| Tendering Period Opening: | January 5, 2026 | January 5, 2026 |
| Tendering Period Closing: | January 16, 2026 | January 19, 2026 |
| Offer Price: | ₹92.20 per share | ₹92.20 per share |
| Shares Offered: | 3,85,43,837 equity shares | 3,85,43,837 equity shares |
| Face Value: | ₹10 per share | ₹10 per share |
Public Notice and Communication
A public notice dated January 13, 2026 has been published in Financial Express (English, all editions), Jansatta (Hindi, all editions), and Navshakti (Marathi, Mumbai edition) on January 14, 2026. The notice will also be published in Nobat (Gujarati, Jamnagar edition) on January 15, 2026.
| Communication Details: | Information |
|---|---|
| Manager to Open Offer: | Axis Capital Limited |
| Authorized Signatory: | Pratik Pednekar, AVP |
| Notice Date: | January 13, 2026 |
| Publication Date: | January 14, 2026 |
Original Open Offer Framework
The India Resurgence Fund entities are making this mandatory tender offer to public shareholders following their acquisition of 50.10% stake from True North Fund VI LLP. The Committee of Independent Directors has provided unanimous approval, stating that the offer price of ₹92.20 per share appears fair and reasonable.
| Assessment Factor: | Details |
|---|---|
| Regulatory Compliance: | Price in accordance with SEBI (SAST) Regulations |
| Negotiated Price: | ₹92.20 higher than ₹86.70 paid by acquirers |
| Market Price: | Above 60-day VWAP of ₹91.96 on NSE |
| Current Market Price: | ₹91.08 (BSE) and ₹91.04 (NSE) as of December 29 |
Participation Process
Public shareholders can participate through the stock exchange mechanism via BSE and NSE acquisition windows. For dematerialized shares, shareholders must approach their selling brokers to place orders before market hours close on the revised closing date of January 19, 2026. Physical share holders need to submit original certificates along with duly filled Form SH-4 to the registrar MUF Intime India Private Limited.
| Revised Timeline: | Date |
|---|---|
| Tendering Period Closing: | January 19, 2026 |
| Payment/Refund Completion: | February 2, 2026 |
| Post-Offer Announcement: | February 6, 2026 |
The Competition Commission of India approval for the underlying transaction was received on November 18, 2025, with no additional statutory approvals required for equity shares validly tendered under this offer.
Historical Stock Returns for Shree Digvijay Cement Company
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.94% | -15.75% | -14.68% | -11.20% | -2.23% | +28.69% |
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