Acquisitions30 Apr 2026, 12:35 pm
Valecha Engineering: J K Solutions & Aether acquire 95% stake via NCLT order
AI Summary
Valecha Engineering Ltd. reported significant share acquisitions by J K Solutions Private Limited and Aether Perspectives LLP. J K Solutions acquired 1,14,90,313 equity shares, representing a 51% stake. Aether Perspectives LLP acquired 99,13,211 equity shares, representing a 44% stake. These acquisitions, totaling 95% of the company's equity, were made pursuant to a Resolution Plan approved by the National Company Law Tribunal (NCLT) order dated June 25, 2024. The transactions are reported under Regulation 10(6) of SEBI (SAST) Regulations, 2011, and are exempt under Regulation 10(1)(da) of the Takeover Regulations.
Key Highlights
- J K Solutions acquired 51% equity in Valecha Engineering.
- Aether Perspectives LLP acquired 44% equity in the company.
- A combined 95% stake was acquired through an NCLT order.
- Acquisitions are exempt under SEBI Takeover Regulations.
- Aether Perspectives LLP received shares on December 27, 2024.