Stel Holdings Limited has informed the Exchange regarding 'Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 we would like to inform you that STEL Holdings Limited has acquired 18850 fully paid up Equity shares of face value Re. 10 of CEAT Limited
STEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Stel Holdings Limited has acquired 18,850 fully paid-up equity shares of CEAT Limited, with a face value of Re. 10 per share, implying a total face value of Rs. 1.88 lakh. The disclosure has been made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. CEAT Limited is a well-known listed tyre manufacturer. Stel Holdings is essentially adding to its investment portfolio in CEAT through this purchase. No price per share or total deal value has been disclosed in the filing.
This is a relatively small portfolio acquisition by Stel Holdings in CEAT and is unlikely to materially impact either company's financials or stock price. Shareholders should note this as part of Stel Holdings' investment activity in listed equities.