Acquisition History / India Resurgence Fund (IndiaRF) - Schemes 1, 2 and 4 / Shree Digvijay Cement Company Limited

India Resurgence Fund (IndiaRF) - Schemes 1, 2 and 4 Acquires Shree Digvijay Cement Company Limited

Announced January 2025 — $68.1M

India Resurgence Fund (IndiaRF) - Schemes 1, 2 and 4Cement2025

What happened

Listed Gujarat cement maker; IndiaRF bought a 45.01% stake from True North Fund VI LLP for up to Rs 579 crore and launched a 26% open offer at Rs 92.20 per share Acquired through India Resurgence Fund (IndiaRF) - Schemes 1, 2 and 4, a vehicle of Piramal Group; Bain Capital Credit. Source: https://m.thewire.in/article/ptiprnews/indiarf-acquires-majority-stake-in-shree-digvijay-cement-from-true-north-marking-entry-into-cement-sector

Acquirer
India Resurgence Fund (IndiaRF) - Schemes 1, 2 and 4
Target
Shree Digvijay Cement Company Limited
Announced
January 2025
Price
$68.1M
Industry
Cement
Buyer type
Private equity
Fund vehicle
India Resurgence Fund (IndiaRF) - Schemes 1, 2 and 4
Backing investors
Piramal Group, Bain Capital Credit
Status
Closed

By the numbers

India Resurgence Fund (IndiaRF) - Schemes 1, 2 and 4's acquisition history
1st of 1 tracked deals
Disclosed prices
1 of 1 India Resurgence Fund (IndiaRF) - Schemes 1, 2 and 4 deals
India Resurgence Fund (IndiaRF) - Schemes 1, 2 and 4's average disclosed price
$68.1M
India Resurgence Fund (IndiaRF) - Schemes 1, 2 and 4's largest disclosed deal
Shree Digvijay Cement Company Limited ($68.1M)
Tracked acquisitions in 2025
503 across all acquirers
India Resurgence Fund (IndiaRF) - Schemes 1, 2 and 4 in Cement
1 acquisition

Frequently Asked Questions About This Acquisition

When did India Resurgence Fund (IndiaRF) - Schemes 1, 2 and 4 acquire Shree Digvijay Cement Company Limited?

India Resurgence Fund (IndiaRF) - Schemes 1, 2 and 4 acquired Shree Digvijay Cement Company Limited on January 2025. This was India Resurgence Fund (IndiaRF) - Schemes 1, 2 and 4's 1st publicly tracked acquisition out of 1 we have on record.

How much did India Resurgence Fund (IndiaRF) - Schemes 1, 2 and 4 pay for Shree Digvijay Cement Company Limited?

India Resurgence Fund (IndiaRF) - Schemes 1, 2 and 4 paid $68.1M for Shree Digvijay Cement Company Limited.

What does Shree Digvijay Cement Company Limited do?

Listed Gujarat cement maker; IndiaRF bought a 45.01% stake from True North Fund VI LLP for up to Rs 579 crore and launched a 26% open offer at Rs 92.20 per share Acquired through India Resurgence Fund (IndiaRF) - Schemes 1, 2 and 4, a vehicle of Piramal Group; Bain Capital Credit. Source: https://m.thewire.in/article/ptiprnews/indiarf-acquires-majority-stake-in-shree-digvijay-cement-from-true-north-marking-entry-into-cement-sector

What other Cement companies has India Resurgence Fund (IndiaRF) - Schemes 1, 2 and 4 acquired?

Shree Digvijay Cement Company Limited is India Resurgence Fund (IndiaRF) - Schemes 1, 2 and 4's only publicly tracked acquisition in Cement so far.

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