Acquisitions2 April 2026 at 05:06 am
Madhusudan Jain Acquires 0.50% Stake in D & H India Ltd Through Open Market Purchase
AI Summary
On April 1, 2026, Madhusudan Jain, a non-promoter and public shareholder, acquired 51,267 equity shares of D & H India Ltd through an open market purchase on the BSE trading platform. This acquisition increased his shareholding in the company to 0.50%. The acquisition was made after the expiry of a restrictive clause in the Shareholders Agreement, which prohibited outgoing promoters from buying shares of the company directly or indirectly from the open market without the previous consent of the buyer (continuing promoters) in writing until March 31, 2026.
Key Highlights
- Madhusudan Jain acquired 51,267 equity shares of D & H India Ltd through an open market purchase.
- The acquisition increased his shareholding in the company to 0.50%.
- The acquisition was made after the expiry of a restrictive clause in the Shareholders Agreement.
- The restrictive clause prohibited outgoing promoters from buying shares of the company directly or indirectly from the open market without the previous consent of the buyer (continuing promoters) in writing until March 31, 2026.
- D & H India Ltd has reclassified the status of the Outgoing Promoters as public shareholders.
DHINDIAIndustrial Products
D&H India Ltd-$Price Impact