StockWatch
·
Civil Construction
Acquisitions13 Oct 2026, 06:10 pm

Chiraharit Ltd: Malaxmi Acquires 52.56% Stake

AI Summary

Malaxmi Climate Resilience Platform Private Limited has acquired a 52.56% stake in Chiraharit Limited, previously held by Dr. Tejaswini Yarlagadda. The acquisition, priced at ₹8 per Equity Share, was completed on September 10, 2026. This transaction triggers Regulation 3(1) and Regulation 4 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquirer has submitted the required disclosures and paid a fee of ₹1,50,000 plus applicable taxes for the exemption under Regulation 10(7) read with 10(1)(a)(iii) of the SEBI SAST Regulations.

Key Highlights

  • Malaxmi Climate Resilience Platform acquired 52.56% stake in Chiraharit Ltd.
  • Acquisition price was ₹8 per Equity Share.
  • Dr. Tejaswini Yarlagadda divested her entire promoter holding.
  • Transaction falls under SEBI SAST Regulations 10(1)(a)(iii) exemption.
  • Regulatory filings and fees have been submitted.