Acquisitions2 April 2026 at 09:00 am
Sandhar Technologies: YSG Estates & Sandhar Estates Acquire Shares Through Schemes of Amalgamation
AI Summary
Sandhar Technologies Ltd. has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from YSG Estates Pvt Ltd & PACs. The disclosure is in regard to the acquisition of shares through schemes of amalgamation. Sanjeevni Impex Private Limited has been amalgamated with YSG Estates Private Limited, and Jubin Finance and Investment Limited and Raasaa Retail Private Limited have been amalgamated with Sandhar Estates Private Limited. This has resulted in the transfer and vesting of the Target Company's equity shareholding from the transferor companies to the respective acquirers.
Key Highlights
- Sandhar Technologies Ltd. received a disclosure from YSG Estates Pvt Ltd & PACs under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
- The acquisition was made through schemes of amalgamation sanctioned by the National Company Law Tribunal, New Delhi.
- Sanjeevni Impex Private Limited was amalgamated with YSG Estates Private Limited, and Jubin Finance and Investment Limited and Raasaa Retail Private Limited were amalgamated with Sandhar Estates Private Limited.
- The Target Company's equity shareholding was transferred and vested from the transferor companies to the respective acquirers.
- The acquisition increases the acquirers' holding to 70.38% of the total diluted share/voting capital of the Target Company.