StockWatch
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Other Textile Products
Acquisitions22 Jul 2026, 01:16 pm

Tejassvi Aaharam: Praanna Natarajan & Others Acquire 72.55% Stake

AI Summary

Tejassvi Aaharam Limited has disclosed a substantial acquisition of 4,21,97,154 equity shares, representing 72.55% of the total diluted share capital, through a preferential issue. The acquisition was made by Praanna Natarajan and Persons Acting in Concert (PACs), including Rajat Chakra & Holding Pvt Ltd, Sipping Spirits Private Limited, and Saranga Investments and Consultancy Private Limited. The shares were allotted on July 20th, 2026. Post-acquisition, the acquirers collectively hold 72.55% of the company's voting capital. The acquired equity shares rank pari-passu with existing shares.

Key Highlights

  • Praanna Natarajan and PACs acquired 72.55% stake in Tejassvi Aaharam.
  • Acquisition of 4,21,97,154 equity shares via preferential allotment.
  • Transaction occurred on July 20th, 2026.
  • Acquired shares rank pari-passu with existing equity.