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| Exchange Disseminated Time | Shree Digvijay Cement Company Ltd has informed BSE that :
"SEBI by its letter dated July 01, 2013, has allowed the promoter/promoter group of Shree Digvijay Cement Company Limited (the "Company"), to sell equity shares of the Company on the floor of the stock exchange to comply with the minimum public shareholding (MPS) requirement in terms of Rule 19A of Securities Contracts (Regulation) Rules, 1957 (SCRR), on or before September 03, 2013, subject to the following conditions:
(a) Any such sale shall be undertaken in a bona fide manner to unrelated non-promoter entities through the regular market segment.
(b) Company shall, at least one clear trading day prior to the start of sale, announce the following to the stock exchange(s) where the shares of the company are listed:
- The intention of the promoter/promoter group to sell;
- Details of promoter(s)/promoter group who proposes to disinvest their shareholding;
- Total number of shares proposed to be disinvested and;
- Period within which the disinvestment will be completed.
(c) Company/promoter(s)/promoter group shall ensure compliance with the applicable provisions of the SEBI (Prohibition of Insider Trading) Regulation 1992 as amended from time to time." |
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