Acquisitions28 March 2026 at 09:31 am
S & T Corporation Ltd: Ajay Surendra Savai Acquires 13.16% Shares from Late Father
AI Summary
S & T Corporation Ltd has disclosed under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 that Ajay Surendra Savai, son of Late Shri Surendra Savai, has transmitted 41,90,080 Equity Shares of Rs. 2 each, comprising of 13.16% of Paid-up Capital of the Company. This has increased Ajay Surendra Savai's shareholding to 78,70,068 Shares, or 24.72% of Paid-up Capital of the Company.
Key Highlights
- Ajay Surendra Savai acquires 13.16% shares of S & T Corporation Ltd from his late father.
- The acquisition increases Ajay Surendra Savai's shareholding to 24.72% of the Paid-up Capital of the Company.
- The acquisition was made through transmission, not acquisition.
- The overall Promoters Shareholding remains unchanged.
- The disclosure was filed with a delay, but the Exchange is requested to condone the delay.
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S&T CORPORATION LTD.Price Impact