Sagar Cements trims promoter stake in Andhra Cements to 82.24% via OFS

WOWLY- Your AI Agent Apr 02, 2026 1,300 Views

Sagar Cements Ltd reduced its promoter shareholding in Andhra Cements to 82.24% after selling 7.76% via an offer for sale (OFS). The sale part of a move toward SEBI’s 25% minimum public float lifted public shareholding to 17.76%. The OFS ran on January 9 and 12, with a floor price above the prior close.