Acquisitions23 Mar 2026, 05:51 pm
Suraj Industries Completes Acquisition of Shri Gang Industries Shares
AI Summary
Suraj Industries Ltd. has completed the acquisition of 1,40,000 equity shares of M/s Shri Gang Industries and Allied Products Limited. The acquisition was made from Mr. Vikas Gupta and Mr. Ritesh Gupta, amounting to 20.02% of Shri Gang's paid-up equity share capital. This acquisition revised Suraj Industries' shareholding in Shri Gang.
Key Highlights
- Suraj Industries has completed the acquisition of 1,40,000 equity shares of Shri Gang Industries and Allied Products Limited.
- The acquisition was made from Mr. Vikas Gupta and Mr. Ritesh Gupta.
- This acquisition has increased Suraj Industries' shareholding in Shri Gang to 20.02% of its paid-up equity share capital.
- The acquisition is in line with Suraj Industries' strategic growth plans.
- This development is expected to positively impact Suraj Industries' financial performance in the future.