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An update from Shree Digvijay Cement Co. Ltd. ( (IN:SHREDIGCEM) ) is now available.
Shree Digvijay Cement Company Limited has informed the exchanges that its Committee of Independent Directors has issued written, reasoned recommendations for public shareholders regarding an open offer by India Resurgence Fund schemes to acquire up to 38,543,837 equity shares at Rs 92.20 per share. The company has published these recommendations in several major newspapers across English, Hindi, Marathi, and Gujarati, and made them available on its website, providing guidance to minority investors on how to evaluate the proposed acquisition in line with SEBI’s Substantial Acquisition of Shares and Takeover Regulations.
More about Shree Digvijay Cement Co. Ltd.
Shree Digvijay Cement Company Limited is an Indian cement manufacturer operating under the Kamal Cement brand since 1944, with its registered office in Jamnagar, Gujarat. The company operates in the building materials and construction sector, supplying cement products to domestic markets and leveraging a long-established regional presence.
Average Trading Volume: 1,109,729
Technical Sentiment Signal: Strong Buy
Current Market Cap: 13.47B INR
For a thorough assessment of SHREDIGCEM stock, go to TipRanks’ Stock Analysis page.