Acquisitions25 Mar 2026, 03:23 pm
Abate As Industries Ltd: SEBI Disclosure for Substantial Acquisition of Shares
AI Summary
Abate As Industries Ltd has disclosed information under Regulation 29(2) and 29(3) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Asya, in concert with the acquirer, has acquired shares carrying voting rights, increasing their holding from 45% to 49.50%. The total voting capital of the company has also increased consequently. The acquisition was made off-market on 23rd March 2026.
Key Highlights
- Abate As Industries Ltd discloses under Regulation 29(2) and 29(3) of SEBI (SAST) Regulations, 2011
- Asya, in concert with the acquirer, acquires shares carrying voting rights
- Share holding increases from 45% to 49.50%
- Total voting capital of the company also increases
- Acquisition made off-market on 23rd March 2026