Bandhan Small Cap Fund Acquires Equity in L. T. Elevator Ltd via Preferential Allotment
L. T. Elevator Limited has seen its equity capitalization update following a preferential allotment of shares to Bandhan Small Cap Fund. The transaction, which was completed on July 27, 2026, involved the acquisition of equity shares by the fund from L. T. Elevator Limited.The acquisition details highlight that the Bandhan Small Cap Fund acquired 10,80,000 equity shares in L. T. Elevator Limited. This allotment is recorded as a preferential transaction for the fund.
Before this acquisition, the holding of Bandhan Small Cap Fund with respect to L. T. Elevator Limited stood at 10,80,000 shares, representing 4.95% of the total diluted share/voting capital. The target company's equity share capital before the allotment was reported as 1,91,63,055 Equity Shares of Face Value of Rs. 10/- Each.
The completed transaction resulted in an increase in L. T. Elevator Limited’s capitalization. Post-acquisition figures show that the company's equity share capital rose to 2,12,63,133 Equity Shares of Face Value of Rs. 10/- Each. Furthermore, the total diluted share/voting capital of the company after the acquisition stands at 2,17,95,047 Equity Shares of Face Value of Rs. 10/- Each.
The key details of the shares acquired and the change in capitalization are summarized below:
| Detail | Before Acquisition (Bandhan Small Cap Fund Holding) | Transaction Details | After Acquisition |
|---|---|---|---|
| Shares Acquired | N/A | 10,80,000 shares | N/A |
| Acquisition Mode | N/A | Preferential allotment | N/A |
| Pre-Acquisition Equity Capital | 1,91,63,055 Equity Shares | N/A | |
| Post-Acquisition Equity Capital | N/A | 2,12,63,133 Equity Shares | |
| Total Diluted Share Capital | N/A | 2,17,95,047 Equity Shares |
Stock Price Movement
For the close of trade on Wednesday, L. T. Elevator Ltd shares concluded at ₹253.55, ticking up 2.24%. Throughout the session, the stock fluctuated within an intraday range defined by a low of ₹246.00 and a high of ₹255.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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