Sale6 Oct 2026, 04:17 pm
Gaurav Goyal Sells 56.13% Stake in Grand Foundry Ltd
AI Summary
Gaurav Goyal, the erstwhile Promoter of Tikona Communication Limited (previously Grand Foundry Limited), has sold 1,70,80,288 Equity Shares, representing 56.13% of the paid-up equity share capital. This sale was executed pursuant to a Share Purchase Agreement dated March 03, 2026, and an Open Offer made under SEBI (SAST) Regulations, 2011. The transaction, which occurred off-market, was completed on September 28, 2026. Following the sale, Gaurav Goyal's holding has reduced to 0%. The total equity share capital of the company is ₹12,17,20,000 divided into 3,04,30,000 Equity Shares of ₹4 each.
Key Highlights
- Gaurav Goyal sold 1,70,80,288 equity shares.
- This represents a 56.13% stake in Grand Foundry Ltd.
- The sale was conducted via an Open Offer and Share Purchase Agreement.
- Gaurav Goyal is no longer a promoter post-transaction.
- The transaction was an off-market sale.
Price Impact
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