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Andhra Cements Promoter Sells 8.14% Stake via Offer for Sale
Andhra Cements Limited
January 8, 2026, 12:07 PM
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Andhra Cements Limited (ACL), a subsidiary of Sagar Cements Limited, has announced a proposed sale of up to 8.14% of its total paid-up equity share capital. M/s Sagar Cements Limited, the Promoter and Seller, intends to divest 75,00,000 equity shares to comply with minimum public shareholding requirements.
The divestment process will commence on January 09, 2026, and conclude by January 12, 2026, or upon the actual completion of the sale of all targeted shares, whichever is earlier. The aggregate Promoter shareholding, currently at 90%, is expected to reduce to 81.86% post-sale.
The Offer for Sale (OFS) will be conducted through a separate, designated window on BSE Limited and the National Stock Exchange of India Limited. January 09, 2026, is designated as 'T day' for non-Retail Investors, while January 12, 2026, is 'T+1 day' for Retail Investors and any non-Retail Investors who wish to carry forward their un-allotted bids. The floor price for the offer has been set at ₹72 per equity share. Anand Rathi Share and Stock Brokers Limited is acting as the sole broker for the sale.
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