Sagar Cements Limited Sells 7.24% Stake in Andhra Cements Ltd. Through Offer for Sale
Sagar Cements Limited, the promoter of Andhra Cements Limited, has sold 66,76,843 equity shares, representing 7.24% of Andhra Cements Limited’s total issued and paid-up equity share capital, through an Offer for Sale (OFS) that concluded on March 18, 2026. The OFS opened for non-retail investors on March 17, 2026, and for retail investors and non-retail investors who chose to carry forward un-allotted bids on March 18, 2026.The sale took place through a designated window of the stock exchanges and was conducted in accordance with the Securities and Exchange Board of India (SEBI) guidelines.
Prior to the sale, Sagar Cements Limited held 5,39,15,065 shares, representing 58.49% of the total share capital. Following the sale, the holding has decreased to 4,72,38,222 shares, representing 51.25% of the total share capital.
Shareholding Details
The following table summarizes the shareholding details:
| Detail | Before Sale | After Sale |
|---|---|---|
| Shares carrying voting rights | 5,39,15,065 | 4,72,38,222 |
| Shares in nature of encumbrance | 2,18,90,883 | 2,18,90,883 |
| Total (a+b) | 7,58,05,948 | 6,91,29,105 |
The total equity share capital of Andhra Cements Limited remains at 9,21,72,140 shares, with a face value of ₹10 per share.
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