Civil Construction
Acquisitions8 April 2026 at 12:07 pm

Pankaj Pruthu Desai Acquires 23,82,354 Shares of Desco Infratech Ltd. via Inter-se Transfer

AI Summary

Pankaj Pruthu Desai, a member of the promoter group of Desco Infratech Ltd., has disclosed the acquisition of 23,82,354 equity shares of the company under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The shares were acquired by way of inter-se transfer between immediate relatives by way of gift. This acquisition increases Pankaj Pruthu Desai's holding to 31.04% from the previous 0.20%.

Key Highlights

  • Pankaj Pruthu Desai acquires 23,82,354 shares of Desco Infratech Ltd.
  • Acquisition made by way of inter-se transfer between immediate relatives by way of gift.
  • Pankaj Pruthu Desai's holding increases to 31.04% from 0.20%.
  • Desco Infratech Ltd. share price may be affected by this acquisition.
  • SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, disclosure made under Regulation 29(1) & 29(2)