ITD Cementation India Limited — Important, 03-04-2025: Updates

Renew Exim DMCC intends to acquire up to 4.47 crore fully paid-up equity shares of ITD Cementation India Limited through an open offer. As of the latest update, 52,26,414 shares, representing 11.70% of the offer size, have been tendered in the Open Offer Escrow Demat Account. These shares are in dematerialized form and will undergo validation and verification before acceptance as per the regulations. The number of shares ultimately accepted may differ from those tendered. This development is significant for both the acquiring company and ITD Cementation’s shareholders, as it indicates strong interest in acquiring a substantial stake, potentially impacting share prices and stakeholder dynamics. Watch closely as this offer unfolds.