Announced Mon, 19 Oct, 2026 · 21:02 IST
Change of control at Fabino: Old promoters exit, new promoters take over
Price
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Price reaction
Awaiting price reaction for this filing.
AI summary
Fabino Enterprises saw a change of promoter control. The Jain family promoters sold 11,93,200 equity shares to R G Family Trust, Sameer Gupta and Sundeep Gupta under an open offer via a Share Purchase Agreement dated April 28, 2026. All 6 erstwhile promoter members, including Managing Director Aditya Mahavir Jain, are reclassified from Promoter group to Public category. The acquirers are reclassified from Public to the new Promoter group.
Likely market impact
Complete change of promoter group. Old Jain family promoters exit, and Gupta family and R G Family Trust take over as new promoters.