Buddleia Traders Acquires Shares of Sharp Investments in Open Market
Buddleia Traders Private Limited, which is a promoter group entity, has conducted an acquisition of shares in Sharp Investments Ltd on the open market. The transaction details outline the change in holding status for the private limited company regarding its stake in the target company, Sharp Investments Ltd.The acquisition occurred through the open market and relates to the stock exchanges where the shares of Sharp Investments Ltd are listed, including The Bombay Stock Exchange and Calcutta Stock Exchange. Buddleia Traders Private Limited holds promoter status within this transaction.
A detailed breakdown of the share holdings before, during, and after the acquisition is provided below:
| Indicator | Before Acquisition Holding | Acquisition Details | After Acquisition Holding |
|---|---|---|---|
| Shares Carrying Voting Rights (a) / Total Stake | 14,134,860 shares (5.84% w.r.t. total share/voting capital) | Acquired: 4,907,690 shares (2.03% w.r.t. total diluted share/voting capital of the TC) | 9,227,170 shares (3.81% w.r.t. total share/voting capital) |
| Equity Share Capital / Total Voting Capital (TC) | 242,097,500 | N/A | 242,097,500 |
The acquisition process involved the transfer of shares carrying voting rights in the open market. Prior to this purchase, Buddleia Traders Private Limited held a stake equivalent to 5.84% of the total share or voting capital of Sharp Investments Ltd. After the completed acquisition, the holding of Buddleia Traders Private Limited stood at 3.81% of the total shares carrying voting rights.
Stock Price Movement
As of 11:28, Sharp Investments Ltd shares are ticking up at ₹0.40, which reflects a strong +2.56% gain for the stock. The company has traded within a tight intraday range, having dipped as low as ₹0.38 and reaching an intraday high of ₹0.40.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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