Comfort Securities Acquires Shares of Three M Paper Boards, Increasing Stake to 7.49%
Comfort Securities Limited has increased its holding in Three M Paper Boards Limited following a series of transactions executed over several months. The acquisition saw the company's stake grow from 4.79% to 7.49%, as shares were bought in the open market between April and June 2026.The acquiring entity, Comfort Securities Limited, holds no Promoter status in relation to Three M Paper Boards Limited. Prior to the recent transactions, Comfort Securities held 9,22,000 shares, representing 4.79% of the company’s total equity share capital. The target company had an equity share capital of 1,92,37,360 Equity Shares of Rs. 10/- each before the acquisition.
Comfort Securities increased its stake through multiple acquisitions and sales conducted in the open market. These transactions spanned a period starting from April 1, 2026, up to June 9, 2026. The total number of shares carrying voting rights acquired by Comfort Securities was 5,20,000, leading to an increase in holding.
Following the acquisitions and sales, Comfort Securities Limited’s stake increased to 14,42,000 shares, which accounts for 7.49% of the company's total voting capital. The overall equity share capital of Three M Paper Boards Limited remains 1,92,37,360 Equity Shares of Rs. 10/- each after the completed transactions.
A summary of the acquisition status shows the holdings before and after the transactions:
| Stakeholder | Before Acquisition (Shares & %) | After Acquisition (Shares & %) |
|---|---|---|
| Acquirer Holdings (Comfort Securities) | 9,22,000 shares (4.79%) | 14,42,000 shares (7.49%) |
| Target Company Total Voting Capital | 1,92,37,360 Equity Shares of Rs. 10/- each | 1,92,37,360 Equity Shares of Rs. 10/- each |
Stock Price Movement
Three M Paper Boards Ltd shares settled at ₹26.10 on Thursday, edging up 0.38%. The stock spent the day moving within a range established by an intraday high of ₹27.25 and a low of ₹26.00.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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