Vinsri Cement Industries Private Ltd has acquired 5.43 per cent stake in Bheema Cements Ltd. The promoters of the Hyderabad-based company, Mr SRB Ramesh and Mr S Kishore, had transferred 14,37,352 shares to Vinsri Cement on June 15.
“After this transaction, the promoters’ shareholding has come down from 71.93 per cent to 66.50 per cent,” Mr KAN Subba Rao, Company Secretary, Bheema Cement, said.
The company’s unit is likely to be built in Meltattapparai in Tuticorin district.
