Sagar Cements to sell over 8% stake in Andhra Cements via offer for sale

Sagar Cements Ltd on Thursday announced plans to divest an 8.14% stake in its arm Andhra Cements through an offer for sale (OFS), aimed at complying with minimum public shareholding requirements.

The promoter intends to sell up to 75 lakh equity shares of Andhra Cements, representing 8.14% of its paid-up equity capital.

The OFS will open on January 9, 2026, for non-retail investors, while retail investors and non-retail investors carrying forward unallotted bids can participate on January 12, 2026. The sale will be conducted through a separate window on the BSE and the NSE.

Ahead of the announcement, shares of Sagar Cements ended 4.6% lower at ₹206.90 on the NSE.

Also Read: NCL Inds Q3 Update | Cement production and dispatches rise 5%

The stake sale comes amid a mixed operating backdrop for the company. In the September quarter, Sagar Cements reported a net loss of ₹42.17 crore, narrower than the ₹55.77 crore loss recorded a year earlier. Revenue rose 27% year-on-year to ₹601.8 crore, while EBITDA more than doubled to ₹51.28 crore, aided by margin expansion.

Sales volumes also improved during the quarter, with overall volumes rising 17% year-on-year. Despite recent financial pressures, the company has reiterated its full-year volume guidance of 6 million tonnes.