Acquisitions30 Mar 2026, 06:45 pm
Suraj Industries Completes Acquisition of Shri Gang Shares, Shareholding Now at 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 this acquisition, Shri Gang has allotted 2,50,000 equity shares to promoters and promoter group category individuals. This allotment has increased Shri Gang's paid-up equity share capital to ₹19,98,00,000, comprising 1,99,80,000 equity shares. Consequently, Suraj Industries' shareholding in Shri Gang stands revised to 20.02% of the paid-up equity share capital.
Key Highlights
- Suraj Industries completes acquisition of 25,000 equity shares of Shri Gang from Mr. Vikas Gupta.
- Shri Gang allots 2,50,000 equity shares to promoters and promoter group category individuals.
- Shri Gang's paid-up equity share capital increases to ₹19,98,00,000.
- Suraj Industries' shareholding in Shri Gang now stands at 20.02%.
- Changes in shareholding and paid-up equity share capital are a result of the acquisition and preference allotment.