Mrs. Padmini Parekh Acquires Shares of Gandhar Oil Refinery (India) Ltd Through Transmission
Gandhar Oil Refinery (India) Limited has seen a change in shareholding as Mrs. Padmini Parekh, a member of the Promoter Group, acquired equity shares through transmission from her late husband, Mr. Kailash Parekh.The acquisition involves 70,40,000 Equity Shares of Gandhar Oil Refinery (India) Limited. The transaction was executed via transmission from Late Mr. Kailash Parekh to Mrs. Padmini Parekh.
This transfer falls under the provisions applicable to acquisitions by way of transmission or inheritance and does not require open offer disclosures as per the relevant regulations.
Shareholding Details Update
The acquisition details reveal changes in both individual and group shareholdings prior to and after the transaction.Mrs. Padmini Parekh's shareholding before the transaction was 15,00,000 shares, representing 1.53% of the total share capital. Following the transmission, her holding increased significantly.
The overall shareholder details for the Promoter and Promoter Group of Gandhar Oil Refinery (India) Limited remained stable at 6,50,60,100 shares, maintaining a 66.47% stake both pre- and post-transmission.
Key shareholding figures relating to the acquisition are summarized below:
| Shareholder | Pre-Transaction Shares Held | Pre-Transaction % | Post-Transaction Shares Held | Post-Transaction % |
|---|---|---|---|---|
| Mrs. Padmini Parekh (Acquirer) | 15,00,000 | 1.53% | [Data not provided in source] | 8.72% |
The promoter and promoter group of Gandhar Oil Refinery (India) Limited reported the following shareholding status:
| Particulars | Pre-Transaction Holding | Post-Transaction Holding |
|---|---|---|
| Shares held by Promoter Group | 6,50,60,100 | 6,50,60,100 |
| Percentage of shares held | 66.47% | 66.47% |
GANDHAR Stock Price Movement
Shares of Gandhar Oil Refinery (India) Limited are currently shedding value in live trading, as of 10:17 AM, slipping by 0.47% to ₹155.34. The stock maintains a tight intraday range, having traded between a low of ₹153.5 and a high of ₹156.06, with 51,363 shares recorded in the exchange so far.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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