IVG Trust Acquires 3.71% in Vadilal Industries, 10.64% in Vadilal Enterprises

IVG Trust, through its trustee Virendrabhai Ramchandra Gandhi, has acquired equity shares in Vadilal Industries Limited (VIL) and Vadilal Enterprises Limited (VEL). The acquisition involved 2,66,565 shares (3.71%) in VIL and 91,777 shares (10.64%) in VEL, both from Mr. Virendrabhai Ramchandra Gandhi. This transaction was conducted directly and pursuant to a SEBI Exemption Order. Importantly, the filing states there has been no change in the aggregate promoter or promoter group shareholding of the target companies as a result of this acquisition. The total share capital of VIL is 71,87,830 shares and VEL is 8,62,668 shares.