
Balgopal Commercial: Promoter Sandeep Jindal Acquires 23.38 Lakh Shares
Balgopal Commercial Ltd announced that promoter Sandeep Jindal acquired 23,38,000 equity shares, representing 10.06% of the company's total equity. This acquisition follows the conversion of warrants previously allotted to him on a preferential basis. The transaction value is ₹10,52,10,000. Post-acquisition, Mr. Jindal's total shareholding in the company increased to 37,76,801 equity shares, constituting 16.25% of the total equity. The disclosure was made in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.
Key Highlights
- Promoter Sandeep Jindal acquired 23.38 lakh equity shares.
- Acquisition was through conversion of preferential warrants.
- Total shareholding increased to 16.25% post-acquisition.
- Transaction value reported at ₹10.52 crore.
Price Impact
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