StockWatch
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Iron & Steel Products
Rights Issue3 Jul 2026, 05:10 pm

Mona Viral Shah Increases Shah Metacorp Stake via Rights Issue

AI Summary

Mona Viral Shah, a promoter and shareholder of Shah Metacorp Ltd, has increased her stake in the company through a Rights Issue. Her shareholding in shares carrying voting rights has increased from 12.04% to 14.07%. The acquisition involved 31,628,600 shares, bringing her total holding to 138,248,448 shares. The total equity share capital of the company also increased post-acquisition. This disclosure is made under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Key Highlights

  • Mona Viral Shah acquired 31,628,600 shares via Rights Issue.
  • Her stake in Shah Metacorp increased from 12.04% to 14.07%.
  • Total shares held by Mona Viral Shah now stand at 138,248,448.
  • The transaction falls under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.