ICICI Securities, the manager to the open offer by Renew Exim DMCC for ITD Cementation India, has disclosed that 55.80 lakh equity shares, representing 12.49% of the total offer size, have been tendered into the Open Offer Escrow Demat Account as of 5:16 PM on April 3, 2025.
The open offer pertains to the proposed acquisition of up to 4,46,64,772 fully paid-up equity shares of face value ₹1 each, under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended.
These tendered shares were deposited into the designated escrow account “LIIPL ITD CEMENTATION INDIA OPEN OFFER ESCROW” maintained with Ventura Securities Limited. ICICI Securities clarified that the figure represents shares in dematerialized form and that they will be subject to further validation and verification based on the required documentation.
The final number of “validly tendered” and accepted shares will be determined in accordance with SEBI regulations and the terms outlined in the Letter of Offer dated March 18, 2025.
This update comes amid ongoing investor interest in ITD Cementation India Limited following the open offer announcement by Renew Exim DMCC.
Disclaimer: This article is based on information filed by ICICI Securities Limited under regulatory compliance and is for informational purposes only. Investors are advised to refer to official filings and consult their financial advisors before making any investment decisions.
