Acquisitions18 Mar 2026, 03:32 pm
Mayadevi Polycot Acquires 6,54,123 Shares of IOL Chemicals & Pharmaceuticals Ltd via Open Market
AI Summary
Mayadevi Polycot Limited, a company associated with Varinder Gupta, has acquired 6,54,123 equity shares of IOL Chemicals & Pharmaceuticals Limited through the open market. This acquisition increases Mayadevi Polycot's holding to 57.08% of the total equity shares and total voting rights of the Target Company. This acquisition was made in accordance with the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.
Key Highlights
- Mayadevi Polycot Limited acquired 6,54,123 equity shares of IOL Chemicals & Pharmaceuticals Limited.
- The acquisition increases Mayadevi Polycot's holding to 57.08% of the total equity shares and total voting rights of the Target Company.
- The acquisition was made in accordance with the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.
- Varinder Gupta is associated with Mayadevi Polycot Limited.
- The acquisition was made through the open market.