Sagar Cements Ltd. Completes Share Sale in Andhra Cements to Meet Public Shareholding Requirements
Sagar Cements Limited has completed the sale of equity shares in Andhra Cements Limited to satisfy minimum public shareholding requirements. The sale, executed through a stock exchange mechanism between March 17 and March 18, 2026, involved 66,76,843 equity shares, representing 7.24% of Andhra Cements’ total issued and paid-up equity share capital. These shares have a face value of 10 each.The transaction was undertaken to meet the Minimum Public Shareholding requirements as stipulated under Securities Contracts (Regulation) Rules 1957 and Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Following the sale, Sagar Cements’ promoter shareholding in Andhra Cements has decreased from 82.24% to 75% of the paid-up equity share capital. This sale ensures that Andhra Cements now meets the mandated Minimum Public Shareholding requirement of 25%.
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