India's Andhra Cements jumps as offer for sale priced at a premium

Sagar Cements

09/01/2026 05:07

**Shares of Andhra Cements ANDC.NS rise as much as 9.99% to hit upper band of 75.99 rupees

**Biggest intraday pct rise since August 2025

**Top shareholder Sagar Cements SGRC.NS to sell 8.14% stake in co via an offer for sale to achieve minimum public shareholding of 25%

**The floor price for the offer is ~72 rupees per share, an 8.9% premium to Thursday's closing price

**90% of shares held by top shareholder, 10% by public shareholders, as of quarter ended September 30

**More than 141,930 shares change hands vs 30-day avg of 16,235 shares

 (Reporting by Mridula Kumar in Bengaluru)

 ((Mridula.Kumar@thomsonreuters.com;))