Acquisitions18 Jan 2025, 05:01 pm
GMR Power and Urban Infra: Catalyst Trusteeship Acquires 16.79% Stake Through Pledge of Equity Shares
AI Summary
Catalyst Trusteeship Ltd, on behalf of Debenture Holders of GMR Sports Venture Private Limited, has acquired 12,00,00,000 equity shares of GMR Power and Urban Infra Limited, amounting to 16.79% of the total share and voting capital. This acquisition was made through a pledge of shares. The total equity share capital of the company remains the same at 71,48,36,194 shares of face value Rs. 5/- each, both before and after the acquisition.
Key Highlights
- Catalyst Trusteeship Ltd acquires 12,00,00,000 equity shares of GMR Power and Urban Infra Limited
- Acquisition made through a pledge of shares
- Acquirer's holding amounts to 16.79% of the total share and voting capital
- Total equity share capital of the company remains the same at 71,48,36,194 shares of face value Rs. 5/- each
- Acquisition under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011