Acquirers Secure 50.02% Stake in India Cements Capital Ltd via Share Purchase Agreement
India Cements Capital Ltd is undergoing a significant corporate transition following the execution of a Share Purchase Agreement (SPA). The SPA, dated July 24, 2026, outlines the acquisition of a substantial shareholding by three individuals from a promoter seller. This transaction positions the Acquirers to gain control over the company upon completion of regulatory requirements.The agreement involves Sri Saradha Logistics Private Limited (SSLPL), the Promoter Seller, selling its stake in India Cements Capital Ltd to Sandeep Jain, Vikas Garg, and Rahul Nagar, collectively known as the Acquirers. The transaction is not classified as a related party transaction.
Under the terms of the SPA, the Acquirers will acquire 1,08,58,186 Equity Shares, each valued at Rs. 10/-, which constitutes 50.02% of the total voting share capital of the company.
The acquisition carries mandatory implications for the Acquirers. The execution and signing of the SPA obligate the Acquirers to make an Open Offer to the public shareholders of the Company, as required under applicable regulations regarding substantial acquisitions of shares and takeovers. Upon successful completion of the Open Offer and consummation of the SPA, the Acquirers will acquire control over India Cements Capital Ltd and be classified as Promoters.
The following table details the shareholding structure prior to the sale:
| Particular | Shareholder Name | Number of Shares | Percentage Holding |
|---|---|---|---|
| Promoter Seller | Sri Saradha Logistics Private Limited (SSLPL) | 1,08,58,186 | 50.02% |
| Acquirer | Sandeep Jain | Nil | Nil |
| Acquirer | Vikas Garg | Nil | Nil |
| Acquirer | Rahul Nagar | Nil | Nil |
The promoter seller and the Acquirers agreed on the terms of the SPA, where the proposed acquisition allows for the transfer of 1,08,58,186 Equity Shares to the Acquirers. This move is set to bring significant change in the management and control structure of India Cements Capital Ltd.
Stock Price Movement
India Cements Capital Ltd settled at ₹19.52 today, climbing 1.93% as the market closed. Shares experienced volatility through the trading session, moving within an intraday range of ₹19.52 to ₹19.53.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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