Shareholding1 Jun 2026, 07:32 pm
Stellant Securities: Substantial Acquisition by Rathods
AI Summary
Subhash Phootarmal Rathod and Mangala Rathod have made a substantial acquisition of shares in Stellant Securities (India) Ltd, as per Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The acquisition involves warrants convertible into equity shares, increasing their holdings. The company reported a delay in disclosure due to oversight, ensuring stricter compliance going forward.
Key Highlights
- Subhash and Mangala Rathod acquired shares via convertible warrants.
- Total acquisition: 3,00,000 warrants, representing 5.14% of diluted share capital.
- Post-acquisition, total holding is 27,72,710 shares, representing 49.18% of total share capital.
- Warrants are fully convertible at ₹340 per share, including a premium of ₹330.
- Acquisition date: 02.02.2026.
Price Impact
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