Acquisitions1 April 2026 at 09:07 am
Sandeep Jain Acquires Majority Stake in Pankaj Polymers Ltd Through Share Purchase Agreement
AI Summary
The Exchange has received a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Sandeep Jain and his Persons Acting in Concert (PACs) regarding the acquisition of shares in Pankaj Polymers Limited. The acquisition was made through a Shareholding Purchase Agreement dated January 14, 2026 and a Letter of offer dated February 09, 2026 under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquisition resulted in a change in shareholdings or voting rights in Pankaj Polymers Limited. The details of the acquisition are provided in the disclosure.
Key Highlights
- Sandeep Jain and his PACs have acquired a majority stake in Pankaj Polymers Limited through a Shareholding Purchase Agreement.
- The acquisition was made under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- The acquisition resulted in a change in shareholdings or voting rights in Pankaj Polymers Limited.
- The acquisition represents 58.15% of the equity Share Capital of the company.
- The balance of 46.29% equity share capital of the Company is to be executed in due course of time.
PANKAJPOPackaging
PANKAJ POLYMERS LTD.Price Impact