Speciality Retail
Acquisitions6 April 2026 at 07:44 am

Catalyst Trusteeship Acquires 2.63% Stake in Praxis Home Retail Ltd Through Creation of Pledge

AI Summary

Catalyst Trusteeship Ltd, acting as a security trustee on behalf of Poonawalla Fincorp Limited, has acquired 2.63% stake in Praxis Home Retail Ltd through the creation of a pledge. The acquisition was made on March 30, 2026. Before the acquisition, Catalyst Trusteeship along with PACs held 12.73% of the company's shares and voting rights. Post-acquisition, their holding increased to 15.36%. The total equity share capital and total voting capital of the company remained unchanged at 18,58,12,210 paid-up equity shares of INR 05 each.

Key Highlights

  • Catalyst Trusteeship acquires 2.63% stake in Praxis Home Retail Ltd
  • Acquisition made through creation of pledge
  • Acquisition date: March 30, 2026
  • Pre-acquisition holding: 12.73%
  • Post-acquisition holding: 15.36%