Alpha Tribe

ITD Cementation India LimitedImportant, 04-04-2025: Updates

04-04-2025 · 06:39 pm

Renew Exim DMCC is in the process of acquiring up to 4.46 crore fully paid-up equity shares of ITD Cementation India Limited as part of an open offer. To date, 1.23 crore shares, representing 27.56% of the total offer size, have been tendered into the Open Offer Escrow Demat Account. These shares will undergo a validation process before acceptance, in alignment with the Securities and Exchange Board of India regulations. The final number of shares accepted may differ from the shares tendered, highlighting potential changes in the final agreement. Shareholders should remain attentive to updates regarding the outcome of this acquisition.

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