Maithan Alloys Limited has informed the Exchange about acquisition of Equity Shares through Stock Exchange
MAITHANALL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Maithan Alloys informed the exchanges that it bought 3,32,500 equity shares of GAIL (India) Ltd. on 13th June 2025 for a total of Rs 6.24 Crore in cash. This represents just 0.005% of GAIL's total shareholding. The purchase was made at arm's length, is not a related party transaction, and was done as a portfolio investment for long-term/short-term returns. Maithan has clarified it does not intend to acquire any control over GAIL's management, either directly or indirectly. The disclosure was filed because the transaction crossed a threshold under SEBI's Listing Regulations.
This is a very small, passive investment with no impact on either company's operations or shareholding control. Shareholders should view this as routine treasury activity rather than a strategic move, and it is unlikely to affect Maithan's stock price meaningfully.