Thakral Services: Netizen Properties Acquires 74% Stake

Netizen Properties Private Limited has acquired 86,84,200 equity shares, representing 74% of the paid-up capital of Thakral Services (India) Limited. This acquisition was conducted via an off-market sale between two companies where the same person holds at least 50% equity. The transaction falls under the exemption provided by Regulation 10(1)(a)(iii) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations. The acquisition price was INR 15.25 per share. Fees totaling INR 1,77,000 have been remitted to SEBI.