Why is Sagar Cements selling its stake in Andhra Cements?

Sagar Cements is selling its stake to comply with minimum public shareholding requirements.

When will the Andhra Cements stake sale occur?

The offer for sale begins on January 9, 2026, for non-retail investors and January 12, 2026, for retail investors.

How did Sagar Cements perform in the September quarter?

Sagar Cements reported a narrowed net loss and increased revenue with doubled EBITDA in the September quarter.

Home / Business and Economy / Sagar Cements Sells 8.14% Andhra Cements Stake

Sagar Cements Sells 8.14% Andhra Cements Stake

8 Jan

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Summary

Sagar Cements plans to sell 8.14% stake in Andhra Cements via OFS.
The stake sale aims to meet minimum public shareholding norms.
The OFS will commence on January 9, 2026, for non-retail investors.

Sagar Cements Sells 8.14% Andhra Cements Stake

Sagar Cements Limited is set to divest an 8.14% stake in its arm, Andhra Cements, through an Offer for Sale (OFS). This strategic divestment aims to ensure compliance with minimum public shareholding regulations, a critical step for the company's governance. The promoter will offer up to 75 lakh equity shares, representing the specified stake in Andhra Cements' paid-up equity capital.

The OFS process is slated to begin on January 9, 2026, exclusively for non-retail investors. Subsequently, on January 12, 2026, the sale will be open to both retail investors and any non-retail investors carrying forward unallotted bids. This transaction will be conducted through a dedicated window on both the BSE and NSE platforms.

This stake sale occurs as Sagar Cements navigates a mixed operational environment. For the September quarter, the company reported a net loss of ₹42.17 crore, an improvement from the previous year's loss. Revenue saw a significant 27% year-on-year increase, reaching ₹601.8 crore, with EBITDA more than doubling due to margin expansion.