Opti Products Private Limited has acquired 4.93583% shares in the Company.
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Opti Products Private Limited, part of the promoter group of Kreon Finnancial Services Ltd, has acquired 998,123 equity shares (4.93583%) through open market purchases on June 3 and June 4, 2026. After this acquisition, the promoter group's combined holding has risen to 1,22,40,692 shares, representing 60.53583% of the company's voting capital (up from 55.60% earlier). The total share capital of the company remains unchanged at Rs. 20.22 crore (2.02 crore equity shares of Rs. 10 each). The disclosure has been made under SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations.
This signals continued promoter confidence and consolidation of control in the company. The acquisition increases promoter holding to over 60%, which may reduce free float and could be interpreted as a positive signal of insider confidence, though it also reduces the public's share of the stock.