Gayatri Projects Ltd Sees Stake Increase Following Preferential Allotment
Gayatri Projects Limited reported a substantial increase in its stake following a preferential allotment of shares by the group of acquirers. The acquisition details concern the holding of shares by Vivek Mundra, Aniruddh Mundra, Alpana Mundra, and Merlin Holdings Pvt. Ltd.The target company, Gayatri Projects Limited, is listed on the National Stock Exchange of India Ltd. The transaction was executed via a Preferential Allotment, with the date of acquisition/allotment recorded as 22-04-2026.
The group, comprising Vivek Mundra (Acquirer-1), Aniruddh Mundra (Acquirer-2), Alpana Mundra (PAC-1), and Merlin Holdings Pvt. Ltd. (PAC-2), has confirmed that none of the entities belong to the Promoter or Promoter group.
Acquisition Details
Prior to the transaction, the combined holding of shares carrying voting rights for the acquirers and associated parties stood at 63,19,908 shares, representing a 3.38% stake in the total share/voting capital.Through the preferential allotment, the group acquired 2,40,00,000 shares carrying voting rights. This acquisition accounted for 8.10% of the total share/voting capital.
The transaction significantly boosted the combined holding of the acquirers and PACs. After the acquisition, the total holding of shares carrying voting rights increased to 3,03,19,908 shares, establishing a 10.24% stake in the total share/voting capital.
The total equity share capital of Gayatri Projects Limited before the said acquisition was recorded at 18,71,98,685. Following the allotment, the total equity share capital increased to 29,61,98,685.
For a detailed comparison of the shareholding percentages and total voting capital before and after the transaction, the data is summarized below:
| Metric | Before Acquisition | After Acquisition |
|---|---|---|
| Shares Carrying Voting Rights | 63,19,908 | 3,03,19,908 |
| Percentage Holding (Shares) | 3.38% | 10.24% |
| Total Equity Share Capital | 18,71,98,685 | 29,61,98,685 |
| Total Voting Capital (Diluted) | 18,71,98,685 | 29,61,98,685 |
| Mode of Acquisition | Preferential Allotment | Preferential Allotment |
GAYAPROJ Stock Price Movement
As of 10:28 AM, shares of Gayatri Projects Limited are shedding 3.07% in live trading, currently sitting at ₹19.26. The stock has dropped ₹0.61 against a volume of 65,294 shares, trading significantly closer to its day low of ₹19.21.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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