Thakral Services: Netizen Properties Acquires 74% Stake

Netizen Properties Private Limited, through Gurmukh Singh Thakral, Director, has acquired 86,84,200 equity shares, constituting 74.00% of the paid-up equity capital of Thakral Services (India) Limited from Paramount Park Limited via an off-market transaction. The acquisition, exempt under Regulation 10(1)(a)(iii) of SEBI (SAST) Regulations, 2011, involves a transfer of shares between companies with over 50% common ownership. The acquisition price is ₹15.25 per share, compared to a 60-day volume-weighted average market price of ₹15.06 per share.