
Acquisitions14 Mar 2026, 03:44 pm
Promoter Umesh Narpatchand Sanghvi Acquires 42.715% Stake in SRM Energy Ltd
AI Summary
According to a disclosure made under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, Umesh Narpatchand Sanghvi has acquired a significant stake in SRM Energy Ltd. The acquisition details are as follows: Before the acquisition, the acquirer along with PACs held 0.002% shares carrying voting rights. Post acquisition, the acquirer's stake has increased to 42.715%. The acquisition was made through an open offer pursuant to the SEBI regulations. The acquirer has been classified as a Promoter post closing of the acquisition on March 12, 2026.
Key Highlights
- Umesh Narpatchand Sanghvi acquires 42.715% stake in SRM Energy Ltd
- Acquisition made under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011
- Acquirer classified as a Promoter post acquisition
- Acquisition made through an open offer
- Acquisition date: March 12, 2026