Announced Tue, 30 Jun · 13:03 IST
New promoter group acquires 70.59% stake in Glittek Granites via SPA and open offer
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+4.0%1-day move
₹40.48
prior close
—
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+4.0+6.1+8.2+10.3+12.5+17.0+36.1———
Up moveDown movePending
AI summary
A new promoter group (Thanki family and PAC Rawmin Mining) has acquired 70.59% (1.83 crore shares) in Glittek Granites. This includes 62.99% bought off-market from the Agarwal family under a Share Purchase Agreement signed Jan 6, 2026, and 7.60% via open offer from public shareholders (payment made June 9, 2026). The Agarwal family has ceased to be promoters, and the Thanki family became the new promoters effective June 26, 2026. This is a complete change of control.
Likely market impact
Complete change of control. New promoter group now holds 70.59%. Old Agarwal family promoters have fully exited. Watch for new management direction.