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Sagar Cements to Sell 8.14% Stake in Andhra Cements via OFS
Sagar Cements Limited
January 8, 2026, 10:59 AM
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Sagar Cements Limited has announced an Offer for Sale (OFS) of up to 75,00,000 equity shares, representing 8.14% of the total issued equity share capital of its subsidiary, Andhra Cements Limited. This move is intended to achieve Minimum Public Shareholding requirements for Andhra Cements.
The OFS will be conducted through the stock exchange mechanism as per the OFS Guidelines. The transaction is not considered a related party transaction. The expected completion date for the Offer for Sale is January 12, 2026.
Further details regarding the turnover contribution, agreement date, buyer details, and consideration will be provided upon completion of the sale.
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