ITD Cementation India Limited — Important, 25-10-2024: Updates

ITD Cementation India Limited will receive an open offer from Renew Exim DMCC to acquire up to 4,46,64,772 equity shares, representing 26% of the company's voting capital, at a price of INR 571.68 per share. This offer follows a share purchase agreement where Renew Exim DMCC is set to acquire a controlling stake in ITD Cementation. The total consideration for the offer could reach approximately INR 2,553.94 crore, subject to regulatory approvals.