Promoter Acquires 25,738 Shares of Gandhar Oil Refinery (India) Ltd through Open Market
Ramesh Babulal Parekh, identified as a Promoter and Director, has acquired 25,738 equity shares of Gandhar Oil Refinery (India) Limited via the open market. The acquisition was completed on June 9, 2026.This transaction updates the holding structure concerning the company's promoter group. Prior to this purchase, Ramesh Babulal Parekh held 2,80,63,889 shares of Gandhar Oil Refinery (India) Ltd, representing a 28.67% stake in the company.
Following the open market acquisition of 25,738 shares, Mr. Parekh’s holding increased to 2,80,89,627 shares, resulting in a stake of 28.69%.
The transaction details and the change in shareholding are summarized below:
| Metric | Before Acquisition | After Acquisition | Change Details |
|---|---|---|---|
| Shares Held by Ramesh Babulal Parekh | 2,80,63,889 | 2,80,89,627 | Acquired 25,738 shares (Open Market) |
| Stake Percentage | 28.67% | 28.69% | Increase in ownership stake |
The total diluted share/voting capital of Gandhar Oil Refinery (India) Ltd after the acquisition remains Rs. 19,57,59,060, consisting of 9,78,79,530 equity shares of face value Rs. 02/- each fully paid.
The details of the transaction are as follows:
| Detail | Pre-Acquisition Status | Post-Acquisition Status |
|---|---|---|
| Total Shares Held | 2,80,63,889 (representing 28.67%) | 2,80,89,627 (representing 28.69%) |
| Mode of Acquisition | N/A | Open Market |
| Equity Share Capital / Total Voting Capital | Rs. 19,57,59,060 | Rs. 19,57,59,060 |
GANDHAR Stock Price Movement
As of 11:22 AM, shares of Gandhar Oil Refinery (India) Limited are gaining ground, trading at ₹156.58 after the stock edges up 0.74%. The equity has maintained a tight intraday range, having touched a low of ₹156.26 but peaking at ₹158.9 as traders continue activity in the live market.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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