Shareholding9 Jun 2026, 04:20 pm
Sarvashaktiman Traders Acquires 6.64% Stake in Shri Gang Industries
AI Summary
Sarvashaktiman Traders Pvt Ltd has acquired a 6.64% stake in Shri Gang Industries & Allied Products Ltd. The acquisition involved 11,24,375 equity shares, obtained through the conversion of Compulsorily Convertible Preference Shares worth ₹8.54 crore at a price of ₹76 per share. This transaction, effective June 6, 2026, increases Sarvashaktiman Traders' total holding to 14,74,375 shares, representing 6.94% of the post-allotment share capital. The disclosure was made under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Key Highlights
- Sarvashaktiman Traders acquired 6.64% stake in Shri Gang Industries.
- Acquisition involved conversion of preference shares worth ₹8.54 crore.
- Transaction price was ₹76 per equity share.
- Total holding post-acquisition is 6.94%.
Price Impact
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