Acquisitions29 Apr 2026, 01:22 pm
SFAL Speciality Alloys acquires 1.04 Cr shares in Nilachal Refractories
AI Summary
SFAL Speciality Alloys Ltd has disclosed the acquisition of 1,04,89,522 equity shares of Nilachal Refractories Limited. This transaction was conducted as an inter-se transfer, pursuant to a Share Purchase Agreement dated March 11, 2026. The acquisition date was April 22, 2026. This disclosure was made in accordance with Regulation 29(1) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Following this acquisition, SFAL Speciality Alloys Ltd holds 1,04,89,522 shares in Nilachal Refractories Limited, representing approximately 51.51% of the target company's total equity share capital of 2,03,61,450 shares.
Key Highlights
- SFAL Speciality Alloys acquired 1,04,89,522 equity shares of Nilachal Refractories.
- The acquisition was an inter-se transfer via a Share Purchase Agreement.
- The disclosure was made under SEBI Takeover Regulations, 2011.
- The acquisition date for the shares was April 22, 2026.
- SFAL's holding in Nilachal Refractories is now 1,04,89,522 shares.