Confidence Petroleum India Records Shareholding Increase Following Promoter Succession
Confidence Petroleum India Ltd announced a material change in its shareholding structure following a transmission of equity shares to the promoter group. NEELA KHARA acquired 83,44,164 fully paid up equity shares of the company.The acquisition was finalized through the transmission of shares from the deceased promoter, Mr. Nalin Khara, and was reported on 16.03.2026. This transaction represents an increase in the promoter group’s stake, solidifying the ownership structure of Confidence Petroleum India Limited.
The detailed acquisition data highlights the following changes in the promoter’s holding, as reported across both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
| Metric | Before Acquisition Holding | Acquisition Details | After Acquisition Holding |
|---|---|---|---|
| Shares Carrying Voting Rights | 23,01,855 (0.69%) | 83,44,164 (2.51%) | 10,646,019 (3.20%) |
| Total Votes Capital (Before/After) | 33,22,41,043 Equity Shares of Rs. 1 each | N/A | 33,22,41,043 Equity Shares of Rs. 1 each |
| Mode of Acquisition | N/A | By way of Transmission due to death of Mr. Nalin Khara | N/A |
Prior to the acquisition, the promoter group held 23,01,855 shares, representing 0.69% of the total voting capital. Following the transmission of 83,44,164 shares, the consolidated holding stands at 10,646,019 shares, which constitutes 3.20% of the total diluted share/voting capital. The total equity share capital and total voting capital of Confidence Petroleum India Limited remained unchanged at 33,22,41,043 Equity Shares of Rs. 1 each.
CONFIPET Stock Price Movement
As of 10:01 AM, shares of Confidence Petroleum India Limited are slipping by 0.30% in live trading, currently at ₹55.57. The stock activity remains robust, with 471,210 shares trading hands in the market.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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