Andhra Cements' lenders had last year received expressions of interest from Sagar Cements, B C Jindal's Jindal Poly Films, Dalmia Cement (Bharat) Ltd and Khandwala Finstock Pvt Ltd.

Sagar Cements Ltd. key Products/Revenue Segments include Cement, Power, Scrap, Coal and Other Operating Revenue for the year ending 31-Mar-2022.

The Nifty Pharma index was trading 0.92 per cent down at 12494.25.

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Sagar Cements Ltd., incorporated in the year 1981, is a Small Cap company (having a market cap of Rs 2305.68 Crore) operating in Cement sector.

Deloitte-backed RP Nirav Pujara has admitted ₹1,356 crore by way of claims from financial creditors. Sagar Cements would have to shell out more if it were to acquire Andhra Cements outside the ambit of the Insolvency and Bankruptcy Code, one of the persons cited above said.

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The cement maker had availed credit facilities from banks including IDFC First Bank, HDFC and Karur Vysya Bank from 2012 to 2016, which were subsequently acquired by current creditor Pridhvi Asset Construction and Securitisation Company (Paras)

The 30 share BSE Sensex was down 352.37 points at 38262.42 at around 02:50PM.

company’s total income was down 55.80 per cent during the quarter under review to Rs 41.21 crore as against Rs 93.24 crore in the corresponding quarter a year ago, Andhra Cements said in a BSE filing.