Acquisitions25 Mar 2026, 04:41 pm
Foils India Laminates Acquires 11.88% Stake in PG Foils Ltd via Open Market
AI Summary
Foils India Laminates Pvt Ltd has acquired a 11.88% stake in PG Foils Ltd through the open market. The acquisition includes 2,00,000 shares carrying voting rights and warrants/convertible securities that entitle the acquirer to receive shares carrying voting rights in the target company. After the acquisition, Foils India Laminates Pvt Ltd along with PACs holds 13.57% of the total voting rights in PG Foils Ltd.
Key Highlights
- Foils India Laminates Pvt Ltd acquires 11.88% stake in PG Foils Ltd
- Acquisition made through the open market
- Includes 2,00,000 shares carrying voting rights
- Also includes warrants/convertible securities
- Foils India Laminates Pvt Ltd along with PACs holds 13.57% of the total voting rights in PG Foils Ltd after the acquisition