NCVI Enterprises Limited Discloses Acquisition of Shares in IOL Chemicals & Pharmaceuticals Ltd.
NCVI Enterprises Limited has acquired 4,04,305 equity shares of IOL Chemicals and Pharmaceuticals Limited through an open market transaction. The disclosure was made on March 20, 2026, and relates to an acquisition under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.The acquisition increases the total holding of NCVI Enterprises Limited to 16,87,16,805 shares, representing a 57.48% stake in the company. The total equity share capital of IOL Chemicals and Pharmaceuticals Limited amounts to Rs. 58,70,55,020, equivalent to 29,35,27,510 equity shares of Rs. 2 each.
NCVI Enterprises Limited is acting as the acquirer, with Varinder Gupta and Varinder Gupta (HUF) listed as Persons Acting in Concert. Other entities involved as Persons Acting in Concert include Mayadevi Polycot Limited and NM Merchantiles Limited.
The table below details the acquisition:
| Detail | Value | % w.r.t. Total Share/Voting Capital (where applicable) | |
|---|---|---|---|
| Shares carrying voting rights acquired | 4,04,305 | 0.14% | |
| Total | 4,04,305 | 0.14% | |
| Total Holding After Acquisition | 16,87,16,805 | 57.48% | 57.48% |
Abhiraj Gupta, Director of NCVI Enterprises Limited, confirmed the disclosure.
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