
Acquisitions18 Jun 2026, 09:19 am
Molisati Vinimay Acquires Stake in Suraj Products via Amalgamation
AI Summary
Molisati Vinimay Private Limited has disclosed its acquisition of a significant stake in Suraj Products Limited, increasing its shareholding from 22.36% to 47.16%. This acquisition was executed through a Scheme of Amalgamation approved by the Regional Director (Eastern Region) on January 15, 2026. As the shares were transferred by operation of law due to the amalgamation, no separate acquisition consideration was paid. The move triggers Regulation 3(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, necessitating this disclosure. The shareholding pattern post-amalgamation indicates continuity in the ultimate beneficial owners.
Key Highlights
- Molisati Vinimay's stake in Suraj Products increased to 47.16% via amalgamation.
- Acquisition completed by operation of law; no separate consideration paid.
- Disclosure filed under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations.
- Amalgamation scheme approved by Regional Director on January 15, 2026.
Price Impact
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