Renew Exim DMCC, a Dubai-based company, has made an Open Offer to acquire up to 4,46,64,772 equity shares of ITD Cementation India Limited, representing 26.00% of the Voting Share Capital. The offer price is ₹571.68 per equity share, payable in cash. You can check the company’s announcement here.
All shareholders holding shares of ITD Cementation India Limited are eligible to tender their shares before the closure of the tendering period.
Open Offer Schedule
| Event | Date |
|---|---|
| Opening date of Tendering Period | March 25, 2025 |
| Closure date of Tendering Period | April 08, 2025 |
| Credit of payment for accepted shares/credit of unaccepted shares to the Demat account | April 25, 2025 |
How to tender shares in the Open Offer?
Since the acquirer is not a person resident in India under applicable Indian foreign exchange control regulations, the mechanism for the acquisition of equity shares through stock exchanges is not available under SEBI regulations. Therefore, the tendering process must be conducted offline.
To tender shares, shareholders must transfer them to the designated escrow depository account using a duly filled Delivery Instruction Slip (DIS).
Here’s how you can tender the shares:
A duly filled Delivery Instruction Slip (DIS) should be sent to Zerodha to transfer the shares to the escrow depository account. You can refer to this support article for the procedure to transfer shares using DIS.
Details of the Demat Account to Transfer Shares
| ITD Cementation India Limited | |
|---|---|
| Name of the Depository Participant | Ventura Securities Limited |
| DP ID | IN303116 |
| Client ID | 15245978 |
| Account Name | LIIPL ITD CEMENTATION INDIA OPEN OFFER ESCROW DEMAT ACCOUNT |
| Depository | NSDL |
| Mode of Instruction | Off Market |
| PAN for off-market transfer to Escrow Account | AAACT1426A |
The above details are fetched from the LOF page 52. You can refer to the offer letter here.
Registrar and Transfer Agent Contact Details
- MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
- Address: C-101, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai 400 083
- Telephone: +91 8108114949
- Email: [email protected]
- Website: www.linkintime.co.in
For any further information, shareholders may contact the Manager of the Offer, ICICI Securities Limited, at [email protected] or visit the official website of ITD Cementation India Limited at Investor Relations - ITD Cementation India Limited.