Vasudev Sawlani Sells 74.4% Stake in Shantai Industries
Vasudev Sawlani has divested his entire 74.40% stake, amounting to 55,80,000 shares, in Shantai Industries Limited through an off-market transaction. The sale was executed on August 17, 2026, pursuant to a Share Purchase Agreement. Prior to the sale, Sawlani held 74.40% of the company's total share capital. The total equity share capital of Shantai Industries Limited remains 75,00,000 shares of Rs. 2/- each, both before and after the transaction. This disclosure is made in compliance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Key Highlights
- Vasudev Sawlani sold 55,80,000 shares, representing 74.40% of Shantai Industries.
- The transaction was an off-market sale via Share Purchase Agreement.
- The sale occurred on August 17, 2026.
- The acquirer's holding has reduced to 0% post-transaction.
- Disclosure complies with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Price Impact
More from SHANTAI
Shantai Industries Ltd Declares Standalone Unaudited Financial Results
Shantai Industries Board Approves Unaudited Results, Director Appointments, Name Change
Shantai Industries Board Meeting on Aug 10 to Review Q1 2026 Results