Shareholding24 Aug 2026, 10:14 am
Prakash Shah Acquires 17.58% Stake in New Markets Avenue
AI Summary
Prakash Bhoorchand Shah has acquired a 17.58% stake in New Markets Avenue Limited (formerly New Markets Advisory Limited) through a preferential allotment. The acquisition took place on August 13, 2026. This disclosure is made under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The total equity share capital before the acquisition was 1,02,40,000 shares of Rs. 10/- each. This transaction signifies a substantial change in the shareholding pattern of the company.
Key Highlights
- Prakash Bhoorchand Shah acquired 17.58% of New Markets Avenue.
- Acquisition was through preferential allotment on August 13, 2026.
- Disclosure made under SEBI Takeover Regulations.
- Company was formerly known as New Markets Advisory Limited.
- Total equity capital before acquisition was 1,02,40,000 shares.
Price Impact
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