Prakash Bhoorchand Shah Acquires Shares in New Markets Avenue Ltd via Preferential Allotment
Mr. Prakash Bhoorchand Shah has completed the acquisition of shares in New Markets Avenue Limited, which was previously known as New Markets Advisory Limited. The transaction, which occurred on August 13, 2026, was executed through a preferential allotment.The acquisition involves Mr. Shah obtaining shares in the company, with his holdings remaining constant both before and after the transaction. The details of the shareholding and the target company’s capital structure are outlined below.
The acquisition was against a total share capital and voting capital of 1,02,40,000 equity shares of Rs. 10/-.
Acquisition Details
| Holding Stage | Shares Acquired (a) | Percentage (%) |
|---|---|---|
| Before Acquisition | 18,00,000 | 17.58% |
| After Acquisition | 18,00,000 | 17.58% |
The shares were acquired through a preferential allotment on August 13, 2026.
Stock Price Movement
New Markets Avenue Ltd settled at ₹64.46 on Friday, edging higher by 1.99%, which was a gain of +₹1.26. The shares remained completely flat throughout the session, with both the intraday high and low locked precisely at ₹64.46.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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