IVG Trust Acquires Vadilal Industries Shares Indirectly
IVG Trust has indirectly acquired equity shares of Vadilal Industries Limited (TC) through a SEBI Exemption Order. The acquisition involved obtaining shares in promoter group entities: Vadilal International Private Limited (VIPL), Vadilal Finance Company Private Limited (VFCPL), and Veronica Constructions Private Limited (Veronica). Specifically, IVG Trust acquired 50,000 shares in VIPL, 3,023 shares in VFCPL, and 3,041 shares in Veronica from Mr. Virendrabhai Ramchandra Gandhi. Despite these acquisitions, the aggregate promoter and promoter group shareholding in Vadilal Industries Limited remains unchanged. The transaction was executed indirectly and is in compliance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Key Highlights
- IVG Trust indirectly acquired shares in Vadilal Industries.
- Acquisition involved promoter group entities VIPL, VFCPL, Veronica.
- No change in aggregate promoter/promoter group shareholding.
- Transaction complies with SEBI Takeover Regulations.
- Acquisition made possible via SEBI Exemption Order.
Price Impact
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