IOL Chemicals and Pharmaceuticals Receives Disclosure Regarding Promoter Group Entity’s Share Acquisition
IOL Chemicals and Pharmaceuticals Limited (IOLCP) announced on March 18, 2026, that it received a disclosure from NCVI Enterprises Limited, a Promoter Group entity, regarding a change in shareholding under Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.According to the disclosure, NCVI Enterprises Limited acquired 700,000 equity shares of IOL Chemicals and Pharmaceuticals Limited on March 16, 2026, for a value of 4,82,20,990. This acquisition was made on the market.
Following the acquisition, NCVI Enterprises Limited's total holdings in the company increased to 4,75,50,695 equity shares, representing 16.20% of the company's shareholding. Prior to the acquisition, NCVI Enterprises Limited held 4,68,50,695 equity shares, representing 15.96% of the company's shareholding.
NCVI Enterprises Limited is identified as a Promoter Group entity with a registered address at 93 Industrial Area A, Ludhiana.
The company noted that "Securities" refers to the definition under regulation 2(1)(i) of SEBI (Prohibition of Insider Trading) Regulations, 2015.
The disclosure was made by Abhiraj Gupta, Director, for and on behalf of NCVI Enterprises Limited.
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