Shareholding24 Sept 2026, 09:56 pm
Mehta Family Trust Acquires 14.57% Stake in Saurashtra Cement Indirectly
AI Summary
Mehta Family Trust, through trustees Mr. Jay Mehta and Ms. Juhi Chawla, has indirectly acquired a 14.57% voting rights stake in Saurashtra Cement Limited. This acquisition was made by purchasing 49.99% of Galaxy Technologies Private Limited, which holds shares in Saurashtra Cement. The transaction, undertaken pursuant to a SEBI exemption order, is part of an internal family reorganization and does not change the overall promoter shareholding or control of Saurashtra Cement.
Key Highlights
- Mehta Family Trust indirectly acquired 14.57% voting rights in Saurashtra Cement.
- Acquisition was through purchasing 49.99% of Galaxy Technologies Private Limited.
- Transaction is an internal family reorganization under SEBI exemption.
- No change in control or aggregate promoter shareholding in Saurashtra Cement.
- Disclosure made under SEBI (SAST) Regulations, 2011.
Price Impact
More from SAURASHCEM