Acquisitions26 Feb 2026, 03:36 pm
Ankit Jalan & Others Acquire Majority Stake in Tandhan Industries Limited through Off-Market Sale
AI Summary
Ankit Jalan and others have acquired a majority stake in Tandhan Industries Limited (formerly known as Sanmitra Commercial Limited) through an off-market sale. The acquisition was made in accordance with the Share Purchase Agreement dated 29th August 2025. The total equity shares capital of the company before the acquisition was Rs. 1,10,00,000 divided into 11,00,000 Equity Shares of Rs. 10/- each. Post-acquisition, the equity shares capital of the company has increased to Rs. 49,77,25,000 divided into 4,97,72,500 Equity Shares of Rs. 10/- each. The total diluted share/voting capital of the company after the acquisition is Rs. 57,59,75,000 divided into 5,75,97,500 Equity Shares of Rs. 10/- each.
Key Highlights
- Ankit Jalan and others have acquired a majority stake in Tandhan Industries Limited through an off-market sale.
- The acquisition was made in accordance with the Share Purchase Agreement dated 29th August 2025.
- The total equity shares capital of the company before the acquisition was Rs. 1,10,00,000 divided into 11,00,000 Equity Shares of Rs. 10/- each.
- Post-acquisition, the equity shares capital of the company has increased to Rs. 49,77,25,000 divided into 4,97,72,500 Equity Shares of Rs. 10/- each.
- The total diluted share/voting capital of the company after the acquisition is Rs. 57,59,75,000 divided into 5,75,97,500 Equity Shares of Rs. 10/- each.