IndiaRF Acquires Majority Stake in Shree Digvijay Cement from True North, Marking Entry into Cement Sector

VMPL
Mumbai (Maharashtra) [India], December 20: India Resurgence Fund ("IndiaRF"), a leading India-focused investment platform promoted by Piramal Group & Bain Capital, has completed the acquisition of a 45.01% equity stake in Shree Digvijay Cement Company Limited ("SDCCL"). SDCCL is listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), and the stake has been acquired from True North Fund VI LLP ("True North"), for a consideration of up to INR 579 crores.