Acquisitions30 March 2026 at 09:12 am
Prominent Acquisition by Hiren Vasantrai Patel in Atul Auto Ltd.
AI Summary
Hiren Vasantrai Patel, along with other promoter group members, has acquired a significant stake in Atul Auto Ltd. The total acquired shares amount to 42.70%, which includes 42.70% of voting rights. The acquisition was made through inter-se transfer, and the total consideration was Rs.13,87,56,400 divided into 2,77,51,280 equity shares of face value of Rs.5/- each. This acquisition may have significant implications for the company and its shareholders.
Key Highlights
- Hiren Vasantrai Patel and other promoter group members have acquired a significant 42.70% stake in Atul Auto Ltd.
- The acquisition was made through inter-se transfer for a total consideration of Rs.13,87,56,400 divided into 2,77,51,280 equity shares.
- This acquisition may have significant implications for the company and its shareholders.
- The acquisition includes 42.70% of voting rights.
- The acquisition was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
ATULAUTOCommercial Vehicles
ATUL AUTO LTD.-$Price Impact