Synopsis: True North sells entire 9.54% stake (1.41 Cr shares) in Shree Digvijay Cement on Mar 30. PE firm fully exits via open/off-market deals.
Private equity firm True North Fund VI LLP has sold its entire stake in Shree Digvijay Cement Company Limited. The firm offloaded 1.41 crore shares on March 30, 2026. This marks a complete exit from the cement maker.
Shree Digvijay Cement Limited’s stock, with a market capitalisation of Rs. 962 crores, rose Rs. 65.10, up 1.75 percent from its previous closing price of Rs. 63.98. Furthermore, the stock over the past year has given a negative return of 11.15 percent.
Shree Digvijay Cement shares trade on both the National Stock Exchange (NSE) and BSE. The sell-off involved 9.54% of the company’s total share capital. True North held no stake in the company after the transaction closed.
A Clean Break From Cement
True North was not a promoter of Shree Digvijay Cement. It held its shares as an outside investor. The firm sold all 1,41,00,617 shares in a single transaction. It used both open market and off-market routes to exit.
Before the sale, True North held exactly 9.54% voting rights. After the deal, its holding dropped to zero. The firm had no pledged shares, warrants, or other instruments tied to the company.
Company’s Share Capital Stays Unchanged
The sale did not change Shree Digvijay Cement’s total capital structure. The company still has 14,78,69,278 equity shares outstanding. Each share carries a face value of Rs 10. Total equity capital stands at Rs 147.87 crore. True North’s exit was a secondary transaction. Therefore, no new shares entered the market. The company’s diluted share count also remains the same.
Who Is True North?
True North Fund VI LLP is a private equity fund. It is registered in Mumbai. The firm’s office sits at the Grand Hyatt Plaza in Santacruz (East). It also runs operations out of Bengaluru’s Museum Road.
True North manages investments across sectors in India. It is registered under LLPIN AAK-2395. The fund is not affiliated with Shree Digvijay Cement’s promoter group.
What This Means
A 9.54% block sale is a significant move. It signals that True North has concluded its investment cycle in the cement firm. Such exits often attract attention from institutional buyers looking for large block deals.
Shree Digvijay Cement continues to operate without any change in management. The promoter group remains unaffected by this transaction. Investors will now watch who picks up this freed stake in the market.
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