Prakash Steelage: Dheliben Mafatlal Seth & Others Disclose Shareholding Change

Prakash Steelage Limited has received a disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Dheliben Mafatlal Seth and other persons acting in concert (PACs). The disclosure details an inter-se transfer among immediate relatives within the promoter group, specifically a gift from Mr. Prakash C. Kanugo to Mrs. Dheliben Mafatlal Seth. Following this acquisition, the total holding of the acquirer and PACs increased to 4,41,77,889 shares, representing 25.24% of the total equity capital. The acquisition involved 96,25,000 shares via inter-se transfer, with the total diluted share capital after acquisition standing at 4,75,00,390 shares.