ITD Cementation India Limited — Important, 29-01-2025: Updates

Renew Exim DMCC has received approval from the Competition Commission of India for the acquisition of approximately 46.64% (8,01,13,180 equity shares) of ITD Cementation India Limited from its existing promoter, Italian Thai Development Public Co. Ltd. Additionally, an open offer for up to 4,46,64,772 equity shares (26% of the total equity share capital) will be made to public shareholders at a price of Rs. 571.68 per share. This development could have significant implications for the company's ownership structure and market sentiment. Investors should monitor this situation closely for potential impacts on share value and strategic direction.