Non Banking Financial Company (NBFC)
Sale6 April 2026 at 09:31 am

Fazil Chemmankuzhiyal Sells Shares of Abate As Industries Ltd Worth INR 1,57,60,64,560

AI Summary

According to a disclosure made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, Fazil Chemmankuzhiyal has sold shares of Abate As Industries Ltd. The total shares sold amount to 70,92,291, which is 45% of the total share capital and voting rights. The sale was made on the BSE Limited. Before the sale, Fazil Chemmankuzhiyal held 14.62% of the total share capital and voting rights. Post-sale, his holding has reduced to 0%. The sale was made off-market on 23.03.2026. The equity share capital and total voting capital of Abate As Industries Ltd stood at INR 1,57,60,64,560 before and after the sale.

Key Highlights

  • Fazil Chemmankuzhiyal sells 45% shares of Abate As Industries Ltd
  • Total shares sold worth INR 1,57,60,64,560
  • Sale made on BSE Limited
  • Fazil Chemmankuzhiyal's holding reduces to 0% post-sale
  • Off-market sale on 23.03.2026