Shree Digvijay Cement Shares in Focus After Stake Sale Agreement

Imagine a company called Shree Digvijay Cement, and a big investor called True North Fund owns most of it.

True North Fund has decided to sell a large part of its shares to another investor, the India Resurgence Fund.

This sale will happen in two parts.

The shares will be sold at a price that is a little less than what they were worth on Thursday.

This deal also means that other people who own shares in Shree Digvijay Cement will have a chance to sell their shares too, at a slightly different price.

In addition, Shree Digvijay Cement has signed a deal to distribute cement with Hi-Bond Cement.

Shree Digvijay will pay Hi-Bond a deposit.

Shree Digvijay also has the option to buy all of Hi-Bond within eight years.