The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Gujarat Alkalies & Chemicals Ltd
GIPCL · price
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Gujarat Alkalies and Chemicals Ltd (GACL), the promoter of Gujarat Industries Power Company Ltd (GIPCL), has disclosed acquisition of 19,82,378 equity shares (0.88% stake) in GIPCL through a preferential allotment dated 29 March 2025. After this acquisition, GACL's holding in GIPCL has risen from 2,30,88,980 shares (15.27%) to 2,50,71,358 shares (16.15%). GACL continues to be classified as a promoter of GIPCL. The equity share capital of GIPCL has correspondingly increased from Rs. 1,51,25,11,350 to Rs. 1,55,21,59,440. The shares were acquired via preferential allotment, not through open market purchase.
This is a positive signal showing the promoter is increasing its stake, which reflects confidence in the company. However, even after this allotment, the promoter's holding remains well below 50% at 16.15%, meaning there is no change in control. Retail investors may view the preferential allotment as a sign of promoter commitment but should note that the equity has been diluted.