
Acquisitions30 March 2026 at 11:17 am
Glen Industries: Promoter Group Acquires Shares Worth Rs. 13.41 Lakhs
AI Summary
Glen Industries Ltd. has announced that Lalit Agrawal (HUF), a part of the Promoter Group, has acquired 21,600 equity shares from public shareholders. The acquisition, made on March 30, 2026, was at the prevailing market price of Rs. 62.08 each, amounting to Rs. 13,41,000.00. This has increased the Promoter and Promoter Group's shareholding from 73.43% to 73.52% of the total paid-up equity share capital of the Company. The acquisition complies with the minimum public shareholding requirements as per SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
Key Highlights
- Lalit Agrawal (HUF), a part of the Promoter Group, acquired 21,600 equity shares from public shareholders.
- The acquisition was made at the prevailing market price of Rs. 62.08 each, amounting to Rs. 13,41,000.00.
- This acquisition increased the Promoter and Promoter Group's shareholding from 73.43% to 73.52%.
- The acquisition complies with the minimum public shareholding requirements as per SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
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