StockWatch
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Other Electrical Equipment
Open Offer18 Sept 2026, 01:15 pm

Hitesh Kothari Group Acquires 33.16% Stake in Premier Capital Services

AI Summary

Hitesh Kothari, along with M/s Hitesh Kothari HUF and M/s Hargo Enterprises Private Limited, collectively known as the Acquirer Group, has acquired an aggregate of 1,22,89,780 equity shares in Premier Capital Services Limited. This acquisition represents 33.16% of the company's total share capital and voting capital. The shares were acquired on September 15, 2026, through an Open Offer made to M/s Pumarth Infrastructure Private Limited, which belongs to the Promoter and Promoter Group of Premier Capital Services. The total value of the acquisition is ₹3,70,60,920. Following this acquisition, the Acquirer Group is now considered part of the Promoter/Promoter Group of the company.

Key Highlights

  • Hitesh Kothari Group acquired 33.16% stake in Premier Capital Services.
  • Acquisition of 1,22,89,780 equity shares for ₹3,70,60,920.
  • Transaction completed via an Open Offer on September 15, 2026.
  • Acquirer Group now part of the company's Promoter/Promoter Group.
  • Disclosure filed under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.