StockWatch
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Packaging
Shareholding21 Aug 2026, 07:20 pm

Glen Industries: Promoter Group Ups Stake to 74.21%

AI Summary

Lalit Agrawal (HUF), part of the Promoter Group of Glen Industries Ltd, has acquired a total of 9600 equity shares on August 20-21, 2026. The acquisition involved 6000 shares for ₹7,29,000 and 3600 shares for ₹4,37,400, both at a price of ₹121.50 per share. These purchases were made from public shareholders at prevailing market prices. Consequently, the Promoter and Promoter Group's aggregate shareholding in the company has increased from 74.17% to 74.21% of the total paid-up equity share capital. The company confirmed compliance with minimum public shareholding regulations.

Key Highlights

  • Promoter Group acquired 9600 shares of Glen Industries Ltd.
  • Total acquisition value amounts to ₹11,66,400.
  • Shareholding increased from 74.17% to 74.21%.
  • Acquisition complied with SEBI regulations.
  • Purchases made at market price of ₹121.50 per share.