StockWatch
·
Sugar
Shareholding9 Jun 2026, 05:21 pm

Sethi Funds Management Acquires 0.03% Stake in KCP Sugar

AI Summary

Sethi Funds Management Private Limited has acquired 30,000 equity shares, representing 0.03% of the total issued and paid-up share capital of KCP Sugar & Industries Corporation Ltd, through open market transactions. Following this acquisition, Sethi Funds Management's total holding in the company has increased to 3,75,000 equity shares, which amounts to 0.33% of the total issued and paid-up share capital. This disclosure is made in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, indicating a minor increase in the promoter's stake.

Key Highlights

  • Sethi Funds Management acquired 30,000 shares in KCP Sugar.
  • The acquisition represents 0.03% of the company's total share capital.
  • Post-acquisition, Sethi Funds Management holds 0.33% stake.
  • The transaction was conducted via open market purchases.
  • Disclosure made as per SEBI (SAST) Regulations, 2011.