Sunshield Chemicals Ltd. Sees Acquisition of Shares by Swarna Malhotra and Concert Party
Sunshield Chemicals Limited announced that Swarna Malhotra, along with persons acting in concert (PAC), has acquired shares in the company. The disclosure, filed with the BSE Limited, details the acquisition under Regulation 29(2) of the Securities and Exchange Board of India (SEBI) Takeover Regulations, 2011.The acquirer, Swarna Malhotra, along with Indus Petrochem Limited, Coppersmith Energies and Project Private Limited, Sudhir Malhotra, and Jeet Malhotra, are identified as persons acting in concert. The group is categorized as a promoter group.Prior to the acquisition, the group’s holding comprised 82,944 shares held by Swarna Malhotra...