Paul Excursions LLP Acquires 9.96% Stake in Paul Merchants Limited
Paul Excursions LLP has acquired 307,065 equity shares, representing 9.96% of the total share capital, of Paul Merchants Limited. The acquisition occurred on March 18, 2026, and involved a transfer of shares from Paul Excursions Private Limited (PEPL) following a succession on conversion of PEPL into Paul Excursions LLP.This transaction is exempt from an open offer requirement under Regulation 10(1Xg) of the SEBI (Substantial Acquisition and Takeover) Regulations, 2011. No prior disclosure under Regulation 10(5) was required.
Prior to the acquisition, Paul Excursions Private Limited held 3,07,065 shares, representing 9.96% of Paul Merchants Limited. Following the transaction, Paul Excursions LLP now holds 3,07,065 shares, also representing 9.96% of the company’s share capital.
The aggregate shareholding of persons acting in concert, including Rajneesh Bansal, Sat Paul Bansal, and Sarita Rani Bansal, totals 2,302,344 shares, which represents 74.65% of Paul Merchants Limited.
Shareholding Details Table
| Shareholding Details | Pre-Transaction | Post-Transaction |
|---|---|---|
| Paul Excursions Private Limited (Transferor) | 307,065 | Nil |
| Paul Excursions LLP (Acquirer) | Nil | 307,065 |
| Rajneesh Bansal (Person Acting in Concert) | 882,759 | 882,759 |
| Sat Paul Bansal (Person Acting in Concert) | 556,260 | 556,260 |
| Sarita Rani Bansal (Person Acting in Concert) | 556,260 | 556,260 |
| TOTAL | 2,302,344 | 2,302,344 |
Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.