India Cements Capital Ltd
India Cements Capital: Open Offer Letter Issued for 26% Stake at ₹12 Per Share
M&A
● No Immediate Change
LOW RISK
📅 Filed on BSE: 21 Oct 2026, 06:34 PM IST · BSE ID: 846386ea-18d4-48ab-9a2a-9c3f384562ea
View Original BSE Filing (PDF)
💡
In Simple Terms
An offer has been made to buy up to 26% of India Cements Capital's shares from public shareholders for ₹12 per share.
🤖 AI Summary
- India Cements Capital received the Letter of Offer for an Open Offer to public shareholders dated October 14, 2026.
- Acquirers Mr. Sandeep Jain, Mr. Vikas Garg, Mr. Rahul Nagar, and PAC Mrs. Neha Agarwal made the offer.
- The Open Offer is for acquiring up to 56,43,612 equity shares, representing 26% of voting share capital.
- The offer price is ₹12 per fully paid-up equity share, payable in cash, and is not conditional on minimum acceptance.
- Necessary approval from SEBI and RBI (letter dated September 30, 2026) has been received for the offer.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Number of Equity Shares to be acquired
56,43,612 Equity Shares
Percentage of Voting Share Capital
26%
Offer Price per Equity Share
₹12/-
🏢 How This Affects the Company
This Open Offer could lead to a change in control and management of India Cements Investment Services Limited, a subsidiary of the Target Company.
👥 What This Means For Shareholders
✅
Action Required
Public shareholders of India Cements Capital Limited must decide whether to tender their shares into the Open Offer as per the Letter of Offer.
👤
Who Is Affected
Public shareholders of India Cements Capital Limited who hold up to 56,43,612 equity shares are affected, as the Acquirers intend to acquire 26% of the voting share capital.
🔍
Management Signal
The management of India Cements Capital Limited is facilitating the regulatory process by receiving and disclosing the Letter of Offer for the proposed acquisition.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Commencement of the Tendering Period for the Open Offer.
Announcement of final shares tendered and acquisition completion details.
Any potential upward revision in the Offer Price or Offer Size before October 26, 2026.
LOW RISK
The filing is a procedural update for an open offer with necessary approvals already in place.
💡 Investor Takeaway
India Cements Capital received the Letter of Offer for the open offer of up to 56,43,612 equity shares. The offer is made by Mr. Sandeep Jain, Mr. Vikas Garg, Mr. Rahul Nagar, and PAC Mrs. Neha Agarwal at ₹12 per share.
⚖️ Strengths & Concerns
✅ Positives
- Offer is not conditional upon any minimum level of acceptance in terms of regulation 19 of SEBI (SAST) Regulations.
- Necessary statutory approvals from SEBI and RBI (dated September 30, 2026) have been obtained for the offer.
📅 Company Track Record
Previous filings indicated a public announcement on July 24, 2026, and an earlier Letter of Offer issued on October 21, 2026, for the acquisition of a 26% stake in India Cements Capital at ₹12 per share.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the purpose of the Letter of Offer received by India Cements Capital Limited?
The Letter of Offer details the Open Offer by Mr. Sandeep Jain, Mr. Vikas Garg, Mr. Rahul Nagar, and PAC Mrs. Neha Agarwal to acquire equity shares from public shareholders of India Cements Capital Limited.
How many equity shares are being sought in the Open Offer for India Cements Capital?
The Acquirers aim to acquire up to 56,43,612 fully paid-up equity shares, representing 26% of India Cements Capital Limited's voting share capital.
What is the offer price for the equity shares in the Open Offer for India Cements Capital?
The offer price is ₹12/- (Rupees Twelve Only) per fully paid-up equity share, payable in cash.
Have regulatory approvals been obtained for the Open Offer for India Cements Capital?
Yes, necessary approvals from SEBI and the Reserve Bank of India (RBI), vide RBI’s letter dated September 30, 2026, have been received.
Is the Open Offer for India Cements Capital conditional on a minimum acceptance level?
No, the Open Offer is not conditional upon any minimum level of acceptance in terms of regulation 19 of SEBI (SAST) Regulations.
Questions based on this BSE filing only. For information purposes.