India Cements Capital Ltd
India Cements Capital: Open Offer by Acquirers for 26.00% Voting Capital
M&A
◆ Monitor Closely
MEDIUM RISK
📅 Filed on BSE: 24 Jul 2026, 05:28 PM IST · BSE ID: 990ee658-31a0-4975-8f9c-9adc557e9276
View Original BSE Filing (PDF)
💡
In Simple Terms
A group of individuals has made an open offer to buy a 26.00% stake in India Cements Capital from public shareholders.
🤖 AI Summary
- Acquirers Mr. Sandeep Jain, Mr. Vikas Garg, Mr. Rahul Nagar launched an open offer for 56,43,612 equity shares.
- The open offer targets 26.00% of India Cements Capital's voting share capital from public shareholders.
- This follows an acquisition of 50.02% of voting share capital at a negotiated price of ₹12/- per share.
- The initial acquisition by Acquirers was for a total of ₹13,02,98,232/- for 1,08,58,186 equity shares.
- Fintellectual Corporate Advisors Private Limited is the Manager to the Open Offer.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Open Offer Shares
56,43,612 Equity Shares
Open Offer Percentage of Voting Capital
26.00%
Negotiated Price per Share (Initial Acquisition)
₹12/- (Rupees Twelve Only) per Sale Share
Total Value of Initial Acquisition
₹13,02,98,232/- (Rupees Thirteen Crores Two Lakhs Ninety Eight Thousand Two Hundred Thirty Two Only)
Shares in Initial Acquisition
1,08,58,186 Equity Shares
Percentage of Voting Capital in Initial Acquisition
50.02%
🏢 How This Affects the Company
Changes in ownership and control may introduce new strategic directions or operational approaches, which could alter existing business risks.
👥 What This Means For Shareholders
✅
Action Required
Shareholders may tender their shares in the open offer if they choose to participate, following details to be provided by the Manager to the Offer.
👤
Who Is Affected
Public shareholders of India Cements Capital Ltd are affected as they have the opportunity to sell up to 56,43,612 equity shares, representing 26.00% of the voting share capital, to the Acquirers.
🔍
Management Signal
The public announcement indicates a change in the significant shareholding structure of the company, transferring substantial control from a promoter seller to the Acquirers.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Details of open offer price and schedule from Manager to Offer.
Outcome of the open offer, including shares tendered and accepted.
Regulatory approvals for the change in control.
MEDIUM RISK
Significant change in company control and potential for strategic shifts following the open offer.
💡 Investor Takeaway
An open offer has been made by Acquirers Mr. Sandeep Jain, Mr. Vikas Garg, and Mr. Rahul Nagar to acquire 56,43,612 equity shares, representing 26.00% of India Cements Capital's voting share capital. This follows an initial acquisition of 50.02% of voting share capital for ₹13,02,98,232/-.
📅 Company Track Record
No previous filings found for India Cements Capital Ltd provide historical financial or operational data for comparable periods.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the purpose of the Public Announcement by India Cements Capital Ltd on July 24, 2026?
The Public Announcement is issued in relation to an Open Offer by Acquirers Mr. Sandeep Jain, Mr. Vikas Garg, and Mr. Rahul Nagar to acquire shares from the public shareholders of India Cements Capital Ltd.
How many shares are targeted in the open offer for India Cements Capital Ltd?
The open offer targets the acquisition of up to 56,43,612 fully paid-up equity shares, representing 26.00% of the voting share capital of India Cements Capital Ltd.
Who are the Acquirers involved in the open offer for India Cements Capital Ltd?
The Acquirers are Mr. Sandeep Jain, Mr. Vikas Garg, and Mr. Rahul Nagar, along with Mrs. Neha Agarwal as a Person Acting in Concert (PAC).
What was the negotiated price of the initial share acquisition preceding this open offer?
The negotiated price for the initial acquisition of 1,08,58,186 equity shares, representing 50.02% of voting share capital, was ₹12/- (Rupees Twelve Only) per Sale Share, totaling ₹13,02,98,232/-.
Questions based on this BSE filing only. For information purposes.