Acquisitions14 Oct 2025, 09:54 am
Teja Ranade Gadhoke Acquires 3.38% Stake in Soma Textiles & Industries Ltd for Rs. 87.67 Crore
AI Summary
Teja Ranade Gadhoke has disclosed an acquisition of 11,16,757 equity shares, amounting to 3.38% of Soma Textiles & Industries Ltd, for a total consideration of Rs. 87,67,42,526. This acquisition is part of a larger agreement involving Roadway Solutions India Infra Limited, Ameet Harjinder Gadhoke, and Teja Ranade Gadhoke, who propose to acquire 74.98% of the company's paid-up equity share capital.
Key Highlights
- Teja Ranade Gadhoke to acquire 3.38% stake in Soma Textiles & Industries Ltd
- Total consideration for the acquisition is Rs. 87,67,42,526
- Acquisition is part of a larger agreement involving Roadway Solutions India Infra Limited and Ameet Harjinder Gadhoke
- Proposed acquisition of 74.98% of the company's paid-up equity share capital
- The acquisition will be made under a Share Purchase agreement