Comfort Securities Increases Stake in Three M Paper Boards Ltd Through Open Market Purchases
Comfort Securities Limited has increased its holding in Three M Paper Boards Limited through various open market acquisitions. The company's stake rose from 4.79% pre-acquisition to 7.49%, according to the acquisition details provided.Comfort Securities Limited, which is not part of a promoter group, initially held 9,22,000 shares carrying voting rights in Three M Paper Boards Limited prior to the recent acquisitions. The company continued its engagement with the target firm through open market transactions spanning several months.
The acquisition activity included multiple purchases and sales conducted between April 1, 2026, and June 9, 2026. The transaction records show various stages of share movement across different dates, including significant acquisitions such as a purchase of 52,000 shares on May 25, 2026, and 58,000 shares on June 9, 2026.
Financial data detailing the holding change and transaction specifics are presented below:
| Metric | Before Acquisition | After Acquisition |
|---|---|---|
| Shares Carrying Voting Rights Held | 9,22,000 | 14,42,000 |
| Percentage Holding (w.r.t total share/voting capital) | 4.79% | 7.49% |
The company's total equity share capital was reported as 1,92,37,360 Equity Shares of Rs. 10/- each both before and after the acquisitions. The mode of all transactions recorded was open market.
Stock Price Movement
Three M Paper Boards Ltd. shares settled at ₹26.00 on Tuesday following the close of trade, posting a zero percent change. The stock remained locked at this price point throughout the day, as its intraday high matched its low at ₹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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