Kingsman Wealth Management Acquires Shares of Gujjubhai Industries Ltd Through Open Market
Kingsman Wealth Management Private Limited has increased its holding in Gujjubhai Industries Limited, purchasing equity shares through the open market on June 2, 2026. This transaction saw the acquirer increase its stake in the company while maintaining its position within the promoter group.The purchase was conducted in the open market. Before the acquisition, Kingsman Wealth Management Private Limited held 2,665,451 shares of Gujjubhai Industries Ltd (formerly known as Sumuka Agro Industries Limited), representing 12.7407% of the company's equity.
Following the purchase of 26,011 shares, Kingsman Wealth Management Private Limited’s total holding increased to 2,691,462 shares. The acquisition resulted in the percentage ownership rising from 12.7407% to 12.8650%.
The company retains a paid up capital of Rs. 20,92,08,360, comprising 2,09,20,836 Equity Shares of Rs 10/- each, both before and after the transaction.
Details of the holding status are presented below:
| Metric | Before Acquisition | Acquisition Details | After Acquisition |
|---|---|---|---|
| Shares held (Voting Rights) | 2,665,451 | 26,011 shares acquired via Open Market | 2,691,462 |
| Ownership Percentage | 12.7407% | 0.1243% of the total diluted share/voting capital | 12.8650% |
The acquisition details confirmed that Kingsman Wealth Management Private Limited is a member of the Promoter Group and holds no shares in the nature of encumbrance, pledges, or convertible securities regarding this transaction.
Stock Price Movement
As of 10:48, shares of Gujjubhai Industries Ltd. are ticking down, currently trading at ₹137.50 after losing 1.75%. The stock has moved within a range established by today’s low of ₹134.95 and high of ₹139.95.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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