Acquisitions23 Mar 2026, 05:51 pm
Intec Capital Ltd: Sanjeev Goel Acquires 12.27% Stake from India Business Excellence Fund-IIA
AI Summary
Intec Capital Ltd has received a disclosure under Regulation 10(5) regarding the acquisition of shares by Sanjeev Goel from India Business Excellence Fund-IIA, as per SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The acquisition price would not be higher by more than 25% of the price computed in point 7 of the disclosure. The transferor and transferee will comply with applicable disclosure requirements in Chapter V of the Takeover Regulations, 2011. Goel is a promoter of the Target Company and will acquire 12.27% of the share capital of Intec Capital Ltd at Rs. 11/- per share. The seller intends to exit the company, and the buyer agrees to buy the shares at a mutually agreed price.
Key Highlights
- Sanjeev Goel, a promoter of Intec Capital Ltd, to acquire 12.27% shares from India Business Excellence Fund-IIA.
- The acquisition price would not be higher by more than 25% of the price computed in point 7 of the disclosure.
- Goel is a promoter of the Target Company and will acquire the shares at Rs. 11/- per share.
- The seller intends to exit the company, and the buyer agrees to buy the shares at a mutually agreed price.
- Transferor and transferee will comply with applicable disclosure requirements in Chapter V of the Takeover Regulations, 2011.