Acquisitions24 Feb 2026, 06:13 pm
Iykot Hitech Toolroom Ltd. Announces Share Purchase Agreement with Aspect Global Ventures
AI Summary
Iykot Hitech Toolroom Ltd. has announced the execution of a Share Purchase Agreement (SPA) with Aspect Global Ventures Private Limited. The SPA involves the sale of 35,89,080 equity shares, representing 34.58% of the company's total existing voting equity share capital, by promoters Ms. Annjana Dugar, Ms. Likhitta Dugar, Mr. Padam Dugar, and Mr. Antariksh Dugar. The transaction is subject to certain conditions and will result in an open offer to public shareholders.
Key Highlights
- Iykot Hitech Toolroom Ltd. has entered into a Share Purchase Agreement with Aspect Global Ventures Private Limited.
- The SPA involves the sale of 35,89,080 equity shares by promoters Ms. Annjana Dugar, Ms. Likhitta Dugar, Mr. Padam Dugar, and Mr. Antariksh Dugar.
- The sale represents 34.58% of the company's total existing voting equity share capital.
- The transaction is subject to certain conditions and will result in an open offer to public shareholders.
- The company has also approved the forfeiture and cancellation of 99,01,931 partly paid-up equity shares.