Shree Digvijay Cement: Promoter True North Amends Share Purchase Agreement
Shree Digvijay Cement Company Limited announced an amendment to the Share Purchase Agreement (SPA) originally executed on September 4, 2025. The amendment, dated December 17, 2025, was entered into be...
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Why is Shree Digvijay Cement Co.Ltd in the news today?
Shree Digvijay Cement Co.Ltd (SHREDIGCEM) is in the news due to the announcement is a routine update regarding an amendment to a previously disclosed share purchase agreement. the price adjustment is a modification of terms rather than a significant positive or negative development in itself.
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Shree Digvijay Cement: Promoter True North Amends Share Purchase Agreement
December 17, 2025, 05:02 PM
Shree Digvijay Cement Company Limited announced an amendment to the Share Purchase Agreement (SPA) originally executed on September 4, 2025. The amendment, dated December 17, 2025, was entered into between the promoter, True North Fund VI LLP, and the purchasers, India Resurgence Fund β Scheme 1, India Resurgence Fund 2 β Scheme 2, and India Resurgence Fund 2 β Scheme 4.
The original SPA involved the sale of up to 7,42,71,009 equity shares, representing 50.10% of the company's share capital. The company itself is not a party to this amendment agreement.
The primary change in the amended SPA is a revision of the price per equity share to βΉ86.70, or any lower price mutually agreed upon in writing by the parties. All other terms of the original SPA remain unchanged. True North Fund VI LLP continues to be the promoter of Shree Digvijay Cement Company Limited.
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