Acquisitions24 Jun 2026, 02:52 pm
Pawan Kumar Modi Acquires 22.30% Stake in National General Industries
AI Summary
Pawan Kumar Modi has acquired 9,99,515 equity shares, representing 22.30% of the total share capital of National General Industries Limited, from Ashok Kumar Modi. This acquisition was made by way of a gift, an inter-se transfer of shares among qualifying persons as specified under Regulation 10(1)(a)(i) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Consequently, Mr. Modi's total shareholding in the company has increased from 13.87% to 36.16%. The transaction was conducted off-market without any consideration. Necessary disclosures and reports have been filed with SEBI and the stock exchange.
Key Highlights
- Pawan Kumar Modi acquired 22.30% stake in National General Industries.
- Acquisition was a gift via inter-se transfer, with no monetary consideration.
- Acquirer's total shareholding increased to 36.16% post-acquisition.
- Transaction falls under SEBI Takeover Regulations exemption.
- Regulatory filings and fees have been submitted as required.
Price Impact
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