Sagar Cements Limited has announced its decision to sell up to 66,76,843 equity shares of Andhra Cements Limited, representing 7.24% of the total issued equity share capital, through an offer for sale (OFS) mechanism. The sale is scheduled for March 17 and 18, 2026.
The offer is aimed at achieving the minimum public shareholding requirements as prescribed by the Securities and Exchange Board of India (SEBI). The sale will take place via a designated window on the BSE and NSE, with March 17 reserved for non-retail investors and March 18 for retail investors and non-retail investors carrying forward un-allotted bids.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Business Desk and reviewed by Aman Shukla before publication.