Netizen Properties Acquires 74% Stake in Thakral Services India Ltd in Off-Market Deal
Netizen Properties Private Limited has acquired a substantial stake in Thakral Services (India) Limited, securing ownership of 86,84,200 equity shares, representing 74% of the paid-up capital of the company. The transaction was completed through an off-market sale on May 20, 2026.The acquisition pertains to the transfer of shares between two companies where a common person holds less than fifty percent of the equity shares. Paramount Park Limited is the seller in this deal, while Netizen Properties Private Limited is the acquirer. The purchase price for each share was INR 15.25/-.
Transaction and Shareholding Details
The acquisition resulted in Netizen Properties Private Limited increasing its stake significantly in Thakral Services (India) Limited. Prior to the transaction, Paramount Park Limited held 86,84,200 shares, accounting for 74% of the total share capital.Following the completion of the off-market transfer, Netizen Properties Private Limited holds 86,84,200 shares, which constitutes 74% of the paid-up capital of Thakral Services (India) Limited. The company's total equity share capital stood at 1,17,35,080 before and after the acquisition.
The details regarding the transaction are summarized below:
| Metric | Target Company | Acquirer/Buyer | Seller |
|---|---|---|---|
| Name | Thakral Services (India) Limited | Netizen Properties Private Limited | Paramount Park Limited |
| Nature of Deal | N/A | Off-market acquisition | Off-market disposal |
| Date of Acquisition | May 20, 2026 | May 20, 2026 | May 20, 2026 |
| Shares Acquired | 86,84,200 | N/A | 86,84,200 |
| Acquisition Price per Share | INR 15.25/- | N/A | INR 15.25/- |
The transaction is specifically noted as a transfer of shares between two companies where the parties involved share ownership through an off-market mechanism.
Stock Price Movement
At 14:17, Thakral Services India Ltd is ticking up slightly, trading at ₹13.28, marking a 1.37% increase for the day. The shares have moved within their intraday range, with prices fluctuating between a low of ₹13.28 and a high of ₹13.75.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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