Acquisitions23 Mar 2026, 03:39 pm
Power and Instrumentation (Gujarat) Ltd: Padmavir Hospitality LLP Acquires 7.25% Stake via Preferential Allotment
AI Summary
Power and Instrumentation (Gujarat) Ltd, a company listed on the National Stock Exchange of India Limited and BSE Limited, has announced that Padmavir Hospitality LLP, a promoter group, has acquired a 7.25% stake in the company. The acquisition was made through the allotment of equity shares on a preferential basis. The total number of shares acquired is 14,00,000, which amounts to 6.61% of the total diluted capital. The transaction was completed on March 19, 2026.
Key Highlights
- Padmavir Hospitality LLP, a promoter group, has acquired a 7.25% stake in Power and Instrumentation (Gujarat) Ltd.
- The acquisition was made through the allotment of equity shares on a preferential basis.
- The total number of shares acquired is 14,00,000, which amounts to 6.61% of the total diluted capital.
- The transaction was completed on March 19, 2026.
- The acquisition is expected to have significant implications for the company's future operations and financial performance.
Price Impact
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