Oswal Greentech Limited has informed the Exchange about Acquisition
OSWALGREEN · price
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Oswal Greentech Limited has bought an additional 4.99% stake (66,99,000 equity shares) in Oswal Agro Mills Limited (OAML) for Rs. 50.91 crores through open market purchases using cash. OGL is already the promoter of OAML and held 66,83,109 shares prior to this transaction. OAML operates in real estate development and goods trading, with FY25 total income of Rs. 173.68 crores and profit after tax of Rs. 108.82 crores, alongside a sharp rise in turnover from Rs. 1.87 crores in FY24 to Rs. 161.77 crores in FY25. Other promoter group members — Aruna Oswal (41.74%), Pankaj Oswal, and Shallu Jindal — also hold shares in OAML, but the transaction is confirmed to be at arms-length and not a related party deal.
This is a promoter-group consolidation move that strengthens OGL's influence and control in OAML without triggering any open offer (stake stays below 5%). For Oswal Greentech shareholders, the deal signals commitment to the group entity but has no immediate operational synergy, and the Rs. 50.91 crore cash outflow may be a minor sentiment factor.