Promoter Acquires Shares in GNA Axles Ltd
The promoter group of GNA Axles Limited has increased its stake following a recent acquisition, according to transaction details reported concerning the company's shareholding.MANINDERSINGH, identified as the acquirer and person acting in concert (PAC), holds shares in the target company, GNA Axles Limited, which is listed on both BSE Limited and National Stock Exchange of India Limited. The acquisition was executed between June 18, 2026, and June 24, 2026, with the intimation provided on June 26, 2026.
Prior to the transaction, MANINDERSINGH held 4,549,426 shares carrying voting rights, which accounted for 10.6% of the total or voting capital. The acquirer also maintained holdings totaling 4,549,426 in the nature of encumbrance (pledge/lien/non-disposal undertaking/others), representing 10.6%.
The acquisition involved acquiring 1,135,767 shares carrying voting rights and an equivalent holding of warrants or convertible securities. This purchase represented a 2.65% increase in the relevant share category.
Following the completion of the acquisition, the total combined holding of shares carrying voting rights stood at 3,413,659, translating to a 7.95% stake in GNA Axles Limited. The company's equity share capital and total voting capital remained at 429,308,000 before the acquisition. Post-acquisition, the total diluted share/voting capital of GNA Axles Ltd is recorded as 42,930,800.
GNA Stock Price Movement
Shares of GNA Axles Limited are tumbling as of 12:52 PM, shedding 1.42% and trading at ₹430.50.The equity has seen a significant traded volume of 68,137 shares today, staying within the day's range established by a high of ₹437.75 and a low of ₹425.30.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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