Post offer advertisement under Regulation 18(12) of the Securities and Exchange Board of India (Substantial…
As filed · Axis Capital Limited has Submitted to the Exchange a copy of post offer advertisement under Regulation 18(12) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeo
What happened
FactAxis Capital Limited has submitted a post-offer advertisement regarding an open offer to acquire up to 3,85,43,837 fully paid equity shares of Shree Digvijay Cement Company Limited, representing 26% of the Expanded Share Capital. The acquisition is being conducted by India Resurgence Fund through three different schemes. The filing requests the stock exchanges to upload the advertisement for public dissemination.
Why it matters
CapitSignal interpretationAn open offer gives holders a defined price at which they can exit, and signals that control is changing.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Capex
WithdrawnThe company’s expansion plan to increase its capacity from 1.5 million tons to 3.0 million tons by setting up a new cement grinding plant is now ready and currently undergoing trial runs.
We expect to launch the cement from this plant very soon.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Offer price versus market price
- Acquirer and resulting shareholding
- quarter four, we are not anticipating any cost increase. (management committed by Q4 FY26)
- maybe quarter one FY '27 you will see there is an increase in the cost. (management committed by Q1 FY27)
Evidence
- Axis Capital Limited has Submitted to the Exchange a copy of post offer advertisement under Regulation 18(12) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended (SEBI (SAST) Regulations for the attention of the public shareholders of the Shree Digvijay Cement Co. Ltd (Target Company).(opens the original filing in a new tab)
- Earlier statement · FY26
- Latest statement · FY26
How CapitSignal classified this
- Reasoning:
- OPEN_OFFER base 72; +5 quantified amount; +3 quantified percentage; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%