Acquisitions8 May 2026, 07:21 pm
Shashank Traders: AVB Endevours Acquires 26.65% Stake
AI Summary
Shashank Traders Ltd announced the completion of a transaction under a share purchase agreement dated November 7, 2025, where AVB Endevours Private Limited, Prilika Enterprises Private Limited, and Aditya Vikram Birla acquired 8,24,600 equity shares, representing 26.65% of the company's paid-up equity share capital, at ₹30 per share. This acquisition grants the incoming members control of the company, leading to changes in the Board of Directors, including appointments and resignations.
Key Highlights
- AVB Endevours, Prilika Enterprises, and Aditya Birla acquired 26.65% stake in Shashank Traders.
- The acquisition price was ₹30 per share.
- New directors appointed: Aditya Birla (Chairman), Anil Kumar Singh, Suranjana Birla, and Amit Singhania.
- Amit Jalan and Amit Choudhary resigned from the Board.
- AVB Endevours, Prilika Enterprises, and Aditya Birla now control Shashank Traders.
Price Impact
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