Acquisitions21 May 2026, 12:07 pm
Thakral Services: Netizen Properties Acquisition Disclosure
AI Summary
Netizen Properties Pvt Ltd has made a disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, regarding the transfer of shares between two companies with a common shareholder holding at least 50% equity. The transfer involves an off-market transaction where Netizen Properties acquired shares of Thakral Services India Ltd from Paramount Park Limited. The acquisition price is ₹15.25 per share.
Key Highlights
- Netizen Properties acquired shares of Thakral Services via off-market transfer.
- The share transfer occurred between two companies with a common majority shareholder.
- Regulation 10(6) of SEBI Takeover Regulations governs the disclosure.
- Netizen Properties acquired 62,29,200 shares, representing 20.92% of diluted share capital.
- The acquisition price was ₹15.25 per share.
Price Impact
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