Shareholding9 Jul 2026, 11:13 am
Virendra Shah Group Acquires Stake in Syschem India Ltd
AI Summary
Virendra Popatlal Shah and associated persons (Bhavesh Virendra Shah, Bimal Virendra Shah, Kalpana Virendra Shah) have disclosed an acquisition of equity shares in Syschem India Limited. The acquisition, which occurred on July 7, 2026, via a Preferential Issue, resulted in an increase in their total shareholding. The total consideration for the acquisition was ₹49,26,30,000. The group belongs to the Promoter/Promoter group of the company. This disclosure is made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Key Highlights
- Virendra Shah Group acquired shares in Syschem India Ltd.
- Acquisition was made via Preferential Issue on July 7, 2026.
- Total consideration for the deal was ₹49,26,30,000.
- The acquirers are part of the Promoter group.
- Disclosure filed under SEBI Takeover Regulations.
Price Impact
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