True North Sells 45% Stake in Shree Digvijay Cement to India Resurgence Fund

• True North sold a 45.12% equity stake (6.67 crore shares) in Shree Digvijay Cement Company for Rs 578.5 crore.
• India Resurgence Fund (a JV of Piramal Enterprises and Bain Capital Credit) acquired all the shares.
• The transaction occurred via open market on December 18 at a price of Rs 86.7 per share.
• True North was the sole promoter of Shree Digvijay Cement, holding 54.66% as of September 2025.
• Separately, Bhavish Aggarwal sold a 0.64% stake in Ola Electric Mobility for Rs 90.3 crore.

Why It Matters: True North divests significant stake in Shree Digvijay Cement to India Resurgence Fund for Rs 578.5 crore.