Sagar Cements Ltd, a promoter of Andhra Cements Limited, sold 66,76,843 shares for ₹35.44 Cr at ₹53.08 apiece in an open market transaction, decreasing its stake from 82.24% to 75.00%. This transaction was an Offer for Sale (OFS) to achieve minimum public shareholding compliance.
A cement manufacturer incorporated in 1936, Andhra Cements produces and distributes cement products across India. The company operates manufacturing facilities focused on cement production and serves customers in the construction and infrastructure sectors. Andhra Cements maintains a significant presence in the Indian cement market through its production capabilities, quality standards, and established distribution network serving both institutional and retail customers nationwide.
Get the next move the moment it happens.
Follow the investors and Andhra Cements Limited on WhaleWatch, alongside 300+ top investors, funds and FPIs. The newest moves are waiting for you inside.
