Jai Mata Glass Promoters Sell 44.57% Stake for ₹8.24 Cr

Jai Mata Glass Limited announced that its promoters, Ms. Anu Marwah, Mr. Inesh Marwah, and M/s. J P Overseas Private Limited, have entered into a Share Purchase Agreement (SPA) to sell 4,45,65,460 equity shares, representing 44.57% of the company's paid-up equity share capital, to Mr. Ashwani Gulati, Ms. Kiran Gulati, and M/s. Veerasha Trust. The transaction is valued at INR 1.85 per share, totaling INR 8,24,46,101. This acquisition triggers an open offer obligation for the Acquirers to the public shareholders. The change in shareholding is expected to result in a reclassification of promoters and public shareholders under SEBI (LODR) Regulations, 2015.