Sagar Cements Limited has announced its decision to sell 75,00,000 equity shares of its subsidiary, Andhra Cements Limited. This move represents 8.14% of Andhra Cements' total issued equity share capital.
On January 8, 2026, the Investment Committee of Sagar Cements' Board of Directors approved the offer for sale of 75,00,000 equity shares of Andhra Cements. Each share has a face value of ₹10. The sale will be conducted through the stock exchange mechanism, adhering to the OFS Guidelines.
The meeting of the Investment Committee commenced at 3:00 p.m. and concluded at 3:30 p.m. The decision aligns with the company's strategic financial management and portfolio adjustments.
Sagar Cements Limited, headquartered in Hyderabad, is a prominent player in the Indian cement industry. It operates several factories across Telangana, Andhra Pradesh, and Odisha.
Andhra Cements Limited, a subsidiary of Sagar Cements, is involved in cement manufacturing and distribution.
Sagar Cements' decision to offload a portion of its stake in Andhra Cements is part of its broader financial strategy. The company aims to optimise its investment portfolio while maintaining a strong market presence.
The sale of shares will be executed in compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Sagar Cements has ensured that all necessary notifications and circulars have been adhered to in this process.
As of January 09, 2026, at 9:18 AM, Sagar Cements share price on NSE was trading at ₹209.47 up by 1.26% from the previous closing price.
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Sagar Cements' decision to sell 75,00,000 shares of Andhra Cements reflects its strategic approach to managing investments. The transaction is set to proceed through the stock exchange, following regulatory guidelines.
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Published on: Jan 9, 2026, 11:48 AM IST
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