Gallantt Ispat: Promoter Group to Acquire 3.38% Stake

Gallantt Ispat Limited has received a disclosure regarding a proposed acquisition of up to 8,000,000 equity shares, representing 3.376% of the total share capital. The acquisition is an inter-se transfer between promoter group shareholders, specifically from Mr. Dinesh R. Agarwal to Mr. Santosh Kumar Agrawal. The transaction is exempt from an open offer under Regulation 10(1)(a)(ii) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The volume-weighted average market price for the past 60 trading days on NSE was ₹598.45. The acquisition price will not be higher than 25% of this computed price.