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Date: 2025-11-18 Category: Not Applicable State: Union Government Country: India

CCI approves the proposed combination involving inter alia acquisition by India Resurgence Fund in Shree Digvijay Cement Company Limited and acquisition by Digvijay Cement Company Limited in Hi-Bond Cement (India) Private Limited.

Issued by Competition Commission of India · Not Applicable

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Executive Summary & Key Takeaways

On November 18, 2025, the Competition Commission of India (CCI) approved the proposed combination involving the acquisition by India Resurgence Fund (IndiaRF) in Shree Digvijay Cement Company Limited, and the acquisition by Digvijay Cement Company Limited in Hi-Bond Cement (India) Private Limited. IndiaRF is a Category II Alternative Investment Fund, managed by India Resurgence Asset Management Business Private Limited. Digvijay Cement Company (Digvijay) and Hi-Bond Cement (India) Private Limited (Hi-Bond) are engaged in the manufacture and sale of grey cement. The proposed combination envisages the acquisition of shareholding by IndiaRF in Digvijay, the proposed long-term business arrangement between Hi-Bond and Digvijay, and the proposed acquisition of shareholding by Digvijay in Hi-Bond (Proposed Combination). Release ID: 2191372. Visitor Counter: 254. The detailed order of the Commission will follow.

Key Entities Referenced

Competition Commission of India (CCI): The regulator that approved the proposed business combination. Proposed Combination: The acquisition of shareholding by IndiaRF in Digvijay, the business arrangement between Hi-Bond and Digvijay, and the acquisition of shareholding by Digvijay in Hi-Bond. India Resurgence Fund (IndiaRF): Category II Alternative Investment Fund that is acquiring stake in Shree Digvijay Cement Company Limited. Digvijay Cement Company (Digvijay): One of the cement companies involved in the acquisition. Hi-Bond Cement (India) Private Limited (Hi-Bond): The other cement company involved in the acquisition.
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Competition Commission of India CCI approves the proposed combination involving inter alia acquisition by India Resurgence Fund in Shree Digvijay Cement Company Limited and acquisition by Digvijay Cement Company Limited in Hi-Bond Cement (India) Private Limited. Posted On: 18 NOV 2025 7:34PM by PIB Delhi The Competition Commission of India has approved the proposed combination involving inter alia acquisition by India Resurgence Fund in Shree Digvijay Cement Company Limited and acquisition by Digvijay Cement Company Limited in Hi-Bond Cement (India) Private Limited. India Resurgence Fund (IndiaRF) is a Category II Alternative Investment Fund registered with Securities and Exchange Board of India and is managed by India Resurgence Asset Management Business Private Limited. Digvijay Cement Company (Digvijay) and Hi-Bond Cement (India) Private Limited (Hi-Bond) are engaged in the manufacture and sale of grey cement. The proposed combination envisages the acquisition of shareholding by IndiaRF in Digvijay, the proposed long term business arrangement between Hi-Bond and Digvijay, and the proposed acquisition of shareholding by Digvijay in Hi-Bond (Proposed Combination). Detailed order of the Commission will follow. ***** NB/PK (Release ID: 2191372) Visitor Counter : 254 Read this release in: Urdu , ही

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