Athira Sethu
Kochi, 17 March 2026
Sagar Cements has announced that it will sell a 7.24% stake in its subsidiary, Andhra Cements, by offering up to 66,76,843 equity shares with a face value of ₹10 each. This decision was made during a board meeting on March 16, 2026, and was filed with the stock exchange after market hours. The sale will be conducted through an Offer for Sale (OFS) process, allowing both retail and non-retail investors to participate. This move aims to raise funds and provide an opportunity for investors to buy shares in Andhra Cements at a fixed price.
| Details | Information |
| Number of Shares | 66,76,843 equity shares |
| Face Value | ₹10 per share |
| Sale Price (Floor Price) | ₹52 per share |
| OFS Start Date | March 17, 2026 |
| OFS End Date (for retail) | March 18, 2026 |
| Retail Investor Allocation | 10% of the total shares available |
| Retail Investor Limit | Up to ₹2,00,000 across stock exchanges |
| Stock Performance | Sagar Cements | Andhra Cements |
| 1-Year Change | +3% | -9.85% |
| Year-to-Date (YTD) Change | -17.56% | -22.32% |
| Last 5 Days Change | -4.95% | -5.35% |
| 5-Year Return | +22.44% | N/A |
| 3-Year Change | -11.59% | N/A |
