Andhra Cements promoter Sagar Cements to divest 8.14% stake via OFS at ₹72/share

Andhra Cements Ltd has disclosed that its promoter, Sagar Cements Ltd, will offload up to 8.14% of its stake in the company via an Offer for Sale (OFS). The move comes in compliance with SEBI’s minimum public shareholding requirements, ensuring broader investor participation and improved liquidity in the stock.

The OFS will be conducted at a floor price of ₹72 per share, offering institutional and retail investors an opportunity to acquire shares at a defined benchmark. This divestment is expected to align Andhra Cements with regulatory norms while also potentially enhancing market visibility and governance standards.

Key Highlights

• Promoter: Sagar Cements Ltd
• Stake Sale: Up to 8.14% of Andhra Cements Ltd
• Mechanism: Offer for Sale (OFS) route
• Floor Price: ₹72 per share
• Objective: Achieve SEBI-mandated minimum public shareholding
• Impact: Broader investor base, improved liquidity, regulatory compliance

Sources: BSE Corporate Filing; NSE Announcement; SEBI LODR Regulations