Darshik D. Mehta Acquires Shares in Neo Infracon Ltd, Increasing Promoter Holding
The promoter group has increased its stake in NEOINFRACONLIMITED through an open market acquisition of shares. Mr. Darshik D. Mehta acquired 980 shares in the target company, moving his total holding slightly higher.Mr. Darshik D. Mehta, as a member of the Promoter Group and Person Acting in Concert (PAC) with the acquirer, currently holds a stake in NEOINFRACONLIMITED listed on BSE Ltd. The acquisition was conducted through the Open Market.
The acquisition details show that before the transaction, the holding of shares carrying voting rights by Mr. Darshik D. Mehta stood at 3,80,936 shares, representing 7.17% of the total share capital.
Shareholding Status in NEOINFRACONLIMITED
| Metric | Before Acquisition | After Acquisition |
|---|---|---|
| Shares Carrying Voting Rights | 3,80,936 | 3,82,749 |
| Holding % of Total Voting Capital | 7.17% | 7.21% |
| Total Equity Share Capital/Voting Capital | 53,06,800 | 53,06,800 |
The acquisition involved the purchase of 980 shares carrying voting rights, equating to 0.01% of the total diluted share capital. Following this transaction, the promoter group's holding has been recorded at 3,82,749 shares, translating to a 7.21% stake in NEOINFRACONLIMITED.
Stock Price Movement
At the close of trade today, shares of Neo Infracon Ltd settled at ₹42.60, gaining 3.78% as the stock edged higher. Throughout the day, the company's equity traded within a range, reaching a high of ₹43.00 and finding a low of ₹41.00.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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