Corrigendum Issued for Shree Digvijay Cement Open Offer
Filing Summary
Axis Capital Limited has submitted a corrigendum to the BSE regarding the open offer for acquiring 3,85,43,837 equity shares of Shree Digvijay Cement Company Ltd. This represents 26% of the expanded share capital. The offer is made by India Resurgence Fund – Scheme 1, India Resurgence Fund 2 – Scheme 2, and India Resurgence Fund 2 – Scheme 4. The corrigendum updates the public announcement, detailed public statement, and draft letter of offer. It was published in multiple newspapers on December 19, 2025. The open offer is a significant event for the shareholders of Shree Digvijay Cement.
Axis Capital Limited has submitted a corrigendum to the BSE concerning the open offer for the acquisition of up to 3,85,43,837 fully paid-up equity shares of Shree Digvijay Cement Company Ltd. This acquisition represents 26% of the expanded share capital of the company. The offer is being made by India Resurgence Fund – Scheme 1, India Resurgence Fund 2 – Scheme 2, and India Resurgence Fund 2 – Scheme 4, collectively referred to as the Acquirers. The corrigendum provides updates to the public announcement, detailed public statement, and draft letter of offer related to the open offer.
The corrigendum was published on December 19, 2025, in several newspapers, including Financial Express (English – all editions), Jansatta (Hindi – all editions), Navshakti (Marathi – Mumbai edition), and Nobat (Gujarati – Jamnagar edition). These publications are the same as those in which the detailed public statement was initially published. The corrigendum is intended to inform the shareholders of Shree Digvijay Cement about the updates to the open offer process.
The open offer involves the acquisition of shares at a face value of INR 10 each. The offer is part of a strategic move by the Acquirers to increase their stake in Shree Digvijay Cement. The detailed financial terms of the offer, including the offer price and conditions, are outlined in the draft letter of offer and related documents.
The timeline for the open offer process includes several key dates. The corrigendum was issued on December 18, 2025, and published the following day. Shareholders are advised to review the updated documents to understand the implications of the offer and any changes to the terms initially announced.
The entities involved in this transaction include Axis Capital Limited, acting as the manager to the offer, and the Acquirers, which are part of the India Resurgence Fund. Axis Capital is responsible for managing the offer process and ensuring compliance with regulatory requirements. The Acquirers are investment funds seeking to enhance their investment portfolio through this acquisition.
The open offer is significant in the context of Shree Digvijay Cement’s business operations and market position. It reflects the interest of investment funds in the company’s potential and strategic value. The offer is subject to regulatory approvals and compliance with the Securities and Exchange Board of India (SEBI) regulations.
Axis Capital Limited is a prominent investment banking and financial services company in India. It provides a range of services, including equity capital markets, mergers and acquisitions, and advisory services. The company plays a crucial role in facilitating investment transactions and ensuring regulatory compliance.
Shree Digvijay Cement Company Ltd is a well-established cement manufacturer in India. The company focuses on producing high-quality cement products and expanding its market presence. It aims to leverage strategic investments to enhance its operational capabilities and market reach.