# India Resurgence Fund to acquire stake in Shree Digvijay Cement; Digvijay to acquire Hi-Bond Cement

The Competition Commission of India approved a combination involving India Resurgence Fund acquiring a stake in Shree Digvijay Cement Company Limited, and Digvijay Cement acquiring a stake in Hi-Bond Cement (India) Private Limited.

- Type: Acquisition
- Announced: 2025-11-18
- Where: India
- Status: announced
- Products: grey cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Shree Digvijay Cement Company Limited](https://endata.com/companies/35465.md) (target)
- [India Resurgence Fund](https://endata.com/companies/88500.md) (acquirer)
- [Digvijay Cement Company Limited](https://endata.com/companies/88501.md) (acquirer)
- [Digvijay Cement Company Limited](https://endata.com/companies/88501.md) (target)
- [Hi-Bond Cement (India) Private Limited](https://endata.com/companies/88502.md) (target)
- [Hi-Bond Cement](https://endata.com/companies/88546.md) (target)

## Sources

- [pib.gov.in](https://www.pib.gov.in/PressReleasePage.aspx?PRID=2191372), 2025-11-18: "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."
- [infra.economictimes.indiatimes.com](https://infra.economictimes.indiatimes.com/news/construction/cci-clears-deal-involving-two-cement-companies/125425243), 2025-11-19: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.