Acquisitions30 Apr 2026, 08:51 am
Altitude Investment Fund acquires 7.61% stake in Kuber Udyog via open market
AI Summary
Altitude Investment Fund PCC - Cell 1 has acquired a 7.61% stake in Kuber Udyog Limited through open market purchases. The fund acquired 2,61,085 equity shares, increasing its holding from Nil to 7.61% of the total share/voting capital. This acquisition was made under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The shares acquired are fully paid-up equity shares, ranking pari-passu with existing shares. The total equity share capital of Kuber Udyog Limited remains ₹3,43,30,000, comprising 34,33,000 equity shares of ₹10 each.
Key Highlights
- Altitude Investment Fund PCC - Cell 1 acquired 7.61% stake in Kuber Udyog.
- The acquisition involved 2,61,085 equity shares through open market purchases.
- The fund's holding in Kuber Udyog increased from zero to 7.61%.
- The acquisition was disclosed under SEBI (SAST) Regulations, 2011.