Shareholding24 Apr 2026, 12:05 pm
GKC Projects acquires 1.5 Cr shares of Gayatri Projects, raising stake to 5.06%
AI Summary
GKC Projects Ltd has disclosed the acquisition of 1,50,00,000 equity shares of Gayatri Projects Limited through a preferential allotment. This transaction, governed by SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, has increased GKC Projects' holding in Gayatri Projects to 5.06% of the total diluted share capital. The acquisition date was April 22, 2026. Post-acquisition, Gayatri Projects' equity share capital increased to ₹59,23,97,370 (29,61,98,685 shares of nominal value of ₹2 each).
Key Highlights
- GKC Projects acquired 1.5 crore equity shares of Gayatri Projects.
- The acquisition was made through a preferential allotment.
- GKC Projects' stake in Gayatri Projects increased to 5.06%.
- The acquisition date was April 22, 2026.
- Gayatri Projects' equity capital rose to ₹59.24 crore post-allotment.
Price Impact
More from GAYAPROJ