Renew Exim Dmcc proposed to acquire 26% stake in ITD Cementation India Limited (BSE:509496) for INR 25.5 billion on October 25, 2024. A cash consideration valued at INR 571.68 per share will be paid by Renew Exim Dmcc for 44.664772 million shares.

ICICI Securities Limited acted as manager to the offer for Renew Exim Dmcc.