Announced Tue, 15 Sept, 2026 · 10:31 IST
Umang Savani acquires 2.98 percent in SJ Corporation via off-market deal
Listed-company acquisitionOpen offer triggeredStrategic Transactions View source PDFExplain this filing
Price
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Price reaction
Awaiting price reaction for this filing.
AI summary
Umang Kantilal Savani (promoter group) acquired 12,93,578 equity shares (2.98 percent) of SJ Corporation Ltd via off-market Share Purchase Agreement dated 30 January 2026 with existing promoters. His holding rose from 10.83 percent (46,96,244 shares) to 13.82 percent (59,89,822 shares). The mandatory Open Offer linked to this deal was successfully closed on 3 August 2026.
Likely market impact
Promoter group stake rises to 13.82 percent, signalling insider confidence. Open Offer already closed, so no further tender pressure expected.