Shree Digvijay Cement shares fall 5% after firm clarifies on buzz over Adani Group eyeing its assets

Shree Digvijay Cement shares fall 5% after firm clarifies on buzz over Adani Group eyeing its assets

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26 Aug, 2025 12:21

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Shares of Shree Digvijay Cement fell 5% on August 26 after the firm issued a clarification over a report that said Adani Group is eyeing the firm's port and plant assets.

"We wish to inform that the company is not aware about any such development, and we don’t comment on market speculations," the company said in a stock exchange filing on August 25, hours after its shares rose 10% over the report by news agency Informist.

Hindu Business Line also reported that private equity firm True North, the promoter of Shree Digvijay Cement Company, has been evaluating options for a complete exit following large-scale consolidation in the industry led by market leaders UltraTech Cement and Ambuja Cement.

"The PE firm has been in talks with a few cement companies including the Adani group and sources indicated that the talks are still ongoing," the report said citing sources and also said that the deal size could be in the range of Rs 800-850 crore.

The Informist report cited sources as saying that the Sikka port can work as satellite port to Mundra.

At 10:30 am on August 26, Shree Digvijay Cement shares were trading 4.5% lower at Rs 99.42 apiece. The 52-week low of the stock is Rs 63.55 and 52-week high is Rs 107.7. The market capitalisation of the stock is nearly Rs 1,500 crore.

"Both Gautam Adani and Pranav Adani have visited Digvijaygram at Sikka, which houses cement manufacturing, clinker units and the captive port," a government official aware of the developments at the Sikka port told Informist. "Pranav Adani has visited the Digvijay Cement plant and port more than once."

The captive Sikka port can directly handle 3,000–5,000 dead weight tonnage vessels, while larger ships of up to 100,000 DWT can anchor offshore. The captive facility supports coal imports as well as cement and clinker exports and operates under a build-operate-maintain-transfer licence from the Gujarat Maritime Board.

Shree Digvijay Cement sells cement under the Kamal Cement brand.