Shree Digvijay promoter to sell stake to comply with Sebi norm
Shares would be offered for sale from July 22 to August 2, 2013, unless sold off earlier.
By PTI | Updated:
NEW DELHI: Shree Digvijay Cement today said its Brazilian promoter Votorantim Cimentos EAA Inversioncs SLU will dilute 0.27 per cent stake to comply with Sebi's minimum public shareholding requirement norm.
"The promoter/promoter group intends to sell 0.27 per cent shareholding in the company amounting to 3,82,474 equity shares of the company on the floor of BSE," the Gujarat-based cement maker said in a stock exchange filing.
Shares would be offered for sale from July 22 to August 2, 2013, unless sold off earlier, it added.
As on June-end, Votorantim Cimentos EAA Inversiones SLU held 10,40,91,537 shares or 75.27 per cent stake in Shree Digvijay Cement, which has 1.3 million tonnes per annum (mtpa) capacity.
The Securities and Exchange Board of India (Sebi) had approved stake dilution on July 2.
Digvijay scrip closed at Rs 9.60, down 0.93 per cent over the previous closing.
"The promoter/promoter group intends to sell 0.27 per cent shareholding in the company amounting to 3,82,474 equity shares of the company on the floor of BSE," the Gujarat-based cement maker said in a stock exchange filing.
Shares would be offered for sale from July 22 to August 2, 2013, unless sold off earlier, it added.
As on June-end, Votorantim Cimentos EAA Inversiones SLU held 10,40,91,537 shares or 75.27 per cent stake in Shree Digvijay Cement, which has 1.3 million tonnes per annum (mtpa) capacity.
The Securities and Exchange Board of India (Sebi) had approved stake dilution on July 2.
Digvijay scrip closed at Rs 9.60, down 0.93 per cent over the previous closing.
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