Molisati Vinimay Pvt Ltd Acquires 24.80% Stake in Suraj Products

Molisati Vinimay Private Limited has disclosed an acquisition of 24.80% stake in Suraj Products Limited. This acquisition arose from a Scheme of Amalgamation, where NIP Power Private Limited, a Person Acting in Concert (PAC) with Molisati Vinimay, merged with Molisati Vinimay. Consequently, the shares held by NIP Power Private Limited in Suraj Products have vested in Molisati Vinimay. While the aggregate shareholding of Molisati Vinimay and its PACs remains unchanged at 47.16%, this regulatory disclosure is triggered by the change in individual shareholding exceeding the threshold under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.