Description
Revision to takeover offer window dates for Shree Digvijay Cement Company Limited, excluding January 15, 2026 due to Maharashtra Municipal Corporation Elections.
Summary
NSE has issued a partial modification to the takeover offer under Tender Offer scheme for Shree Digvijay Cement Company Limited. The tender offer window will not be available on January 15, 2026 due to Municipal Corporation Elections in Maharashtra. This is a continuation of circular NSE/CMTR/72084 dated December 31, 2025.
Key Points
- Revised issue period: January 5, 2026 to January 19, 2026 (excluding January 15, 2026)
- Offer window closed on January 15, 2026 due to Maharashtra Municipal Corporation Elections
- Issue size: Up to 3,85,43,837 equity shares
- Offer price: Rs. 92.20 per share (fixed price)
- Face value: Re. 10 per share
- Lot size: 1 equity share
- Order modification (quantity) and cancellation not permitted for takeover offers
Acquirer Details
- Acquirers: India Resurgence Fund - Scheme 1, India Resurgence Fund 2 - Scheme 2, India Resurgence Fund 2 - Scheme 4
- Merchant Banker: Axis Capital Limited
- Registrar: MUFG Intime India Private Limited
- ISIN: INE232A01011
Investor Categories
Eligible investor categories include:
- Foreign Institutional Investors (FII)
- Mutual Funds (MF)
- Insurance Companies (IC)
- Banks & Financial Institutions (FI)
- Other QIBs (OTH)
- Bodies Corporate (CO)
- Individuals (IND)
- Other Non-Institutional Investors (NOH)
Important Dates
- Revised Issue Period: January 5, 2026 to January 19, 2026
- Excluded Date: January 15, 2026 (tender offer window not available)
- Reference Circular Date: December 31, 2025 (NSE/CMTR/72084)
- Tender Offer Scheme Circular: June 29, 2022 (NSE/CMTR/52776)
Compliance Requirements
- Members must note the revised schedule with the exclusion of January 15, 2026
- Order modification (quantity changes) and cancellation are not permitted during the tender offer period
- All participants must refer to Tender Offer Scheme Exchange circular NSE/CMTR/52776 dated June 29, 2022 for complete details
Impact Assessment
Market Impact: The one-day exclusion extends the overall calendar duration of the tender offer window but does not change the total number of trading days available for participation. Investors and market participants should plan their tender submissions accordingly, noting the unavailability on January 15, 2026. The fixed price nature and restriction on order modifications remain unchanged.
Impact Justification
Important revision affecting tender offer timeline for existing takeover, but limited to one-day exclusion due to local elections