Announced Tue, 29 Sept, 2026 · 15:18 IST
Sar Televenture completes takeover of Grand Foundry; old promoters exit
GFSTEELS · 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
+10.2%1-day move
₹34.07
prior close
₹35.77
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+10.2+12.4+14.6+16.9+19.2—————
Up moveDown movePending
AI summary
Sar Televenture Ltd acquired 70.17 percent (about 2.13 crore shares) of Grand Foundry, now called Tikona Communication Ltd, via Share Purchase Agreement dated March 3, 2026. Open offer under SEBI SAST Regulations completed on September 28, 2026. Old promoters Gaurav Goyal (56.13 percent) and Rakesh Kumar Bansal (14.04 percent) sold their entire stakes and applied for reclassification to public shareholder category.
Likely market impact
Complete change of control. New promoter Sar Televenture now runs the company; old promoters have fully exited with zero shares.