Anjani Portland Cement announces change in stake holding in subsidiary Bhavya Cements

1 Apr 2022 , 01:32 AM

Anjani Portland Cement announced that pursuant to purchase of additional 228518 equity shares of Bhavya Cements a subsidiary company being 016Percentage of its paid-up equity shares capital from its existing shareholders and pursuant to the completion of the Buyback offer given by Bhavya Cements the shareholding percentage of the Company in Bhavya Cements has been increased from 9353Percentage to 9908Percentage The Company did not participate in the Buyback offer given by Bhavya Cements considering the fact that it will be beneficial to the Company to increase its percentage of shareholding in Ms Bhavya Cements Private Limited after completion of buyback process