Acquisitions30 Mar 2026, 06:42 pm
Suraj Industries Completes Acquisition of Shri Gang Industries Shares, Increasing Shareholding to 20.02%
AI Summary
Suraj Industries Ltd. has completed the acquisition of 25,000 equity shares of M/s Shri Gang Industries and Allied Products Limited from Mr. Vikas Gupta. Following the acquisition, Shri Gang has allotted 2,50,000 equity shares to promoters and the paid-up equity share capital of Shri Gang has increased to ₹19,98,00,000. Suraj Industries' shareholding in Shri Gang now stands at 20.02% of the paid-up equity share capital.
Key Highlights
- Suraj Industries completed the acquisition of 25,000 equity shares of Shri Gang Industries from Mr. Vikas Gupta.
- Shri Gang allotted 2,50,000 equity shares to promoters following the conversion of preference shares.
- Shri Gang's paid-up equity share capital increased to ₹19,98,00,000.
- Suraj Industries' shareholding in Shri Gang now stands at 20.02% of the paid-up equity share capital.
- The acquisition and allotment were made in accordance with SEBI Listing Regulations.