StockWatch
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Other Textile Products
Shareholding10 Sept 2026, 01:02 pm

Shiva Texyarn: S K Sundararaman Acquires 1.5 Lakh Shares

AI Summary

Shiva Texyarn Limited has filed a disclosure regarding an inter-se transfer of shares among promoters. S K Sundararaman acquired 1,50,000 equity shares from Vedanayagam Hospital Private Ltd at an average price of Rs. 159.53 per share. This transaction, conducted under Regulation 10(1)(a)(ii) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, exempts the acquirer from making an open offer. Post-acquisition, S K Sundararaman's shareholding increased to 1.55% from 0.39%, while Vedanayagam Hospital Private Ltd's holding decreased to 64.88% from 66.04%. The filing was made on September 2, 2026, with the acquisition date being September 9, 2026.

Key Highlights

  • S K Sundararaman acquired 1.5 lakh shares from Vedanayagam Hospital Pvt Ltd.
  • Transaction is an inter-se transfer among promoters, exempt from open offer.
  • S K Sundararaman's stake rose to 1.55% post-acquisition.
  • Acquisition price was Rs. 159.53 per share.
  • Disclosure filed under SEBI (SAST) Regulations, 2011.