Update on Acquisition.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Suraj Industries Ltd has completed the acquisition of 1,40,000 equity shares of Shri Gang Industries and Allied Products Ltd, bought in two tranches — 1,05,000 shares from Mr. Vikas Gupta and 35,000 shares from Mr. Ritesh Gupta. After this purchase, the company's holding in Shri Gang stands at 20.02% of its paid-up equity share capital. This is a follow-up to an earlier intimation dated March 19, 2026, and is being disclosed to BSE under SEBI Listing Regulations. The acquisition has moved Suraj's stake in Shri Gang past the 20% mark, which is a notable threshold for any listed company.
For shareholders, this means Suraj Industries has now built a meaningful 20% strategic stake in Shri Gang Industries, signalling growing interest in the company. Investors should watch for any further disclosures, as crossing 20% in a listed entity can have regulatory implications under takeover rules.