Investment20 Mar 2026, 10:36 am
Power and Instrumentation (Gujarat) Ltd: Padmaraj P Pillai HUF Acquires Shares via Preferential Allotment
AI Summary
Power and Instrumentation (Gujarat) Ltd has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Padmaraj P Pillai HUF. The disclosure is regarding the allotment of equity shares upon conversion of warrants on Preferential Basis. The acquisition was made by Padmaraj P Pillai HUF, a Promoter group of the company. The acquisition took place on March 18, 2026, and the total voting rights after the acquisition stand at 3.83%.
Key Highlights
- Padmaraj P Pillai HUF, a Promoter group, acquired shares via preferential allotment
- The acquisition was made on March 18, 2026
- The total voting rights after the acquisition stand at 3.83%
- The acquisition was made pursuant to a Board meeting held on the same day
- The shares were acquired at a price of Rs. 83.75 per warrant
Price Impact
More from PIGL