Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
The latest update is out from Andhra Cements Limited ( (IN:ACL) ).
Andhra Cements Limited announced that its promoter, Sagar Cements Limited, has sold 6,676,843 equity shares, representing 7.24% of the company’s paid-up equity capital, through an offer for sale conducted on the stock exchanges between March 17 and March 18, 2026. This transaction was executed in line with SEBI regulations to increase public shareholding and comply with minimum public shareholding norms.
Following the sale, Sagar Cements’ promoter stake in Andhra Cements declined from 82.24% to 75%, while public shareholding rose to 25%, thereby meeting the mandated threshold under Indian securities regulations within the prescribed timeframe. The move brings Andhra Cements into full compliance with listing requirements, broadens its public float, and may enhance the stock’s market liquidity and accessibility for investors.
More about Andhra Cements Limited
Andhra Cements Limited, a subsidiary of Sagar Cements Limited, operates in the cement manufacturing industry, producing and marketing cement from its plants in Andhra Pradesh and Telangana. The company supplies cement to regional construction and infrastructure markets, leveraging its established facilities at Durga Cement Works and Visakha Cement Works to serve demand in southern India.
Average Trading Volume: 6,711
Technical Sentiment Signal: Sell
Current Market Cap: 4.96B INR
For a thorough assessment of ACL stock, go to TipRanks’ Stock Analysis page.