Rights Issue9 Oct 2026, 10:38 am
Salem Erode Investments: ICL Fincorp Acquires 75,99,140 Shares via Rights Issue
AI Summary
Salem Erode Investments Limited has disclosed an acquisition of 75,99,140 equity shares by ICL Fincorp Limited, K G Anilkumar, and Umadevi Anilkumar through a Rights Issue. This transaction, dated October 6, 2026, resulted in a change in shareholding percentages for the acquirers. Post-acquisition, ICL Fincorp Limited holds 51.45%, K G Anilkumar holds 10.03%, and Umadevi Anilkumar holds 9.16%. The total diluted share capital of the company after the acquisition is ₹2,29,31,040/- consisting of 2,29,31,040 equity shares.
Key Highlights
- ICL Fincorp, K G Anilkumar, Umadevi Anilkumar acquired 75,99,140 shares.
- Acquisition was made via a Rights Issue on October 6, 2026.
- ICL Fincorp's post-acquisition holding is 51.45%.
- K G Anilkumar and Umadevi Anilkumar hold 10.03% and 9.16% respectively.
- Total diluted share capital is ₹2,29,31,040/-.
Price Impact
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