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    <title>IndiaRF Acquires Majority Stake in Shree Digvijay Cement from True North, Marking Entry into Cement Sector</title>
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    <description>India Resurgence Fund acquired a 45.01% equity stake in Shree Digvijay Cement from True North and has announced an open offer for up to 26% equity pending SEBI approval; post-transaction and the open offer IndiaRF intends to hold a controlling stake. SDCCL (3.0 MTPA) has a strategic alliance with Hi-Bond (2.2 MTPA) including a 10-year exclusive brand usage, supply and distribution agreement and an option enabling SDCCL to acquire 100% of Hi-Bond, giving combined access to 5.2 MTPA in Gujarat.</description>
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