StockWatch
·
Sponge Iron
Shareholding11 Aug 2026, 03:01 pm

Vora Financial Services Acquires 5.05% Stake in S.A.L. Steel

AI Summary

Vora Financial Services Pvt Ltd has disclosed a substantial acquisition of shares in S.A.L. Steel Ltd. The company acquired 73,06,374 equity shares, representing 5.05% of the total share capital, through open market transactions. This acquisition brings Vora Financial Services' total holding in S.A.L. Steel to 5.05%. The filing was made under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The total equity share capital of S.A.L. Steel before and after the acquisition remains 14,47,66,700 shares.

Key Highlights

  • Vora Financial Services acquired 5.05% stake in S.A.L. Steel.
  • Acquisition involved 73,06,374 equity shares.
  • Transaction was conducted via open market purchases.
  • Disclosure made under SEBI (SAST) Regulations, 2011.
  • No change in total share capital of S.A.L. Steel.