Shareholding29 Jun 2026, 12:33 pm
NM Merchantiles Acquires 29.05 Lakh IOL Chemicals Shares
AI Summary
NM Merchantiles Limited has acquired 29,05,000 equity shares of IOL Chemicals and Pharmaceuticals Limited, increasing its stake to 21.88%. This acquisition is a result of the merger of G Consultants and Fabricators Private Limited and Synthorix Trading Limited with NM Merchantiles Limited, as per the order passed by the Regional Director (Northern Region II), Chandigarh on June 24, 2026. The total number of shares held by NM Merchantiles Limited post-acquisition is 6,42,14,845.
Key Highlights
- NM Merchantiles Limited acquired 29.05 lakh shares of IOL Chemicals.
- Holding increased to 21.88% post-acquisition.
- Acquisition follows the merger of two entities with NM Merchantiles.
- Transaction was conducted off-market.
- Regulatory disclosure filed under SEBI Takeover Regulations.
Price Impact
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