CCIndia Cements Capital511355Open offer announcement

Open offer for 56,43,612 shares (26%) at ₹12; acquirers to buy 50.02% from promoter

Open offer for up to 56,43,612 shares (26%) at ₹12 per share in cash.

By ScoutQuest · Wed 21 Oct 2026, 5:37 PM IST · 2 min read

Open Offer Size and Price

up to 56,43,612 shares (26%) at ₹12 per share in cash

Acquirers' Share Purchase from Promoter

1,08,58,186 shares (50.02%) from promoter Sri Saradha Logistics for ~₹13.03 crore

Tendering Period

Oct 28-Nov 11, 2026; not conditional on minimum acceptance

What has been announced

An open offer, required under takeover rules, following a change of control at the company. The acquirers have signed a Share Purchase Agreement with the promoter seller and are now offering to buy shares from public shareholders.

Terms of the offer

• Up to 56,43,612 equity shares, representing 26% of the voting share capital.
• Offer price: ₹12 per share, payable in cash.
• The offer is not conditional on any minimum level of acceptance, so it does not depend on a minimum number of shares being tendered.
• Tendering period: Wednesday, October 28, 2026 to Wednesday, November 11, 2026.

The transaction behind it

• The acquirers — Mr. Sandeep Jain, Mr. Vikas Garg and Mr. Rahul Nagar — along with Mrs. Neha Agarwal as person acting in concert, have agreed to buy 1,08,58,186 shares, or 50.02%, from the promoter M/s Sri Saradha Logistics Private Limited.
• The agreed price is ₹12 per share, aggregating to ~₹13.03 crore.
• Post completion, the acquirers and the PAC are to replace the existing promoter as promoters of the company and take control of its management and affairs.
• As on the date of the Letter of Offer, the acquirers hold no shares in the company; the PAC holds 40,00,000 shares, or 18.43%.

What a shareholder should note

• If more shares are tendered than the 26% sought, acceptance will be on a proportionate basis, so not every tendered share may be accepted.
• Shares tendered cannot be withdrawn during the tendering period; a lien is marked on them and they remain blocked in the demat account until the offer formalities are completed, which means they cannot be traded in that window.
• The acquirers may revise the offer price or offer size upwards up to Monday, October 26, 2026; any such revision applies to all shares validly tendered during the tendering period.
• Public shareholding may fall below the 25% minimum required for continuous listing, and the acquirers are responsible for restoring it within the prescribed timelines through SEBI-permitted methods.
• The RBI approval for the offer has been received, vide its letter dated September 30, 2026. The change in control of the subsidiary India Cements Investment Services Limited is subject to SEBI's prior approval.

How this can be read

The offer gives public shareholders a stated cash price and a fixed window to decide. It also sets out that the price and size can still be revised upwards before October 26, 2026, and that acceptance may be scaled down if the offer is oversubscribed.

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