Acquisitions20 Mar 2026, 06:34 pm
Paul Excursions LLP Acquires 9.96% Stake in Paul Merchants Limited from Paul Excursions Private Limited
AI Summary
Paul Excursions LLP has acquired 307,065 equity shares, which is 9.96% of the total share capital of Paul Merchants Limited, from Paul Excursions Private Limited. This acquisition was made pursuant to succession on conversion of Paul Excursions Private Limited into Paul Excursions LLP. The transaction is exempted from making an open offer under Regulation 10(1Xg) of SEBI (SAST) Regulations, 2011.
Key Highlights
- Paul Excursions LLP acquires 9.96% stake in Paul Merchants Limited
- Acquisition made from Paul Excursions Private Limited
- Transaction value not disclosed as it's a transfer pursuant to succession
- Exempted from making an open offer under Regulation 10(1Xg)
- Paul Excursions Private Limited no longer holds any shares in Paul Merchants Limited
Price Impact
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