Anjani Portland Cement Sells 48% Stake in Subsidiary Bhavya Cements
Anjani Portland Cement Limited (APCL) has completed the sale of 6,35,11,620 equity shares, representing 48% of its holding in Bhavya Cements Private Limited (BCPL), its subsidiary. The sale was execut...
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Why is Anjani Portland Cement Limited in the news today?
Anjani Portland Cement Limited (APCL) is in the news due to the company sold a significant portion of its stake in a subsidiary, but it still retains majority control, indicating a strategic shift rather than a definitively positive or negative event.
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Anjani Portland Cement Sells 48% Stake in Subsidiary Bhavya Cements
December 31, 2025, 11:58 AM
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Anjani Portland Cement Limited (APCL) has completed the sale of 6,35,11,620 equity shares, representing 48% of its holding in Bhavya Cements Private Limited (BCPL), its subsidiary. The sale was executed through an off-market transaction on December 31, 2025, to Chettinad Cement Corporation Private Limited (CCCPL).
Following this transaction, Bhavya Cements Private Limited will continue to be a subsidiary of Anjani Portland Cement Limited, with APCL retaining a 51.01% stake. The members of APCL had previously approved this sale through a special resolution via postal ballot on December 24, 2025.
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