Promoter Acquires Shares in GRM Overseas Ltd, Pushing Stake Above 62%
Mrs. Mamta Garg, along with members of the promoter group, has acquired shares in GRM Overseas Limited. The acquisition was completed on June 11, 2026, and represents a single transaction made through the open market.The purchase involved 50,000 equity shares of GRM Overseas Ltd, which have a face value of Rs. 2/- per share. This move updates the promoter group’s holdings in the company.
Details regarding the acquisition and the stakeholders involved are as follows:
| Metric | Before Acquisition (Acquirer + PAC) | After Acquisition (Acquirer + PAC) |
|---|---|---|
| Shares Carrying Voting Rights | 129,764,445 | 129,814,445 |
| Percentage of Holding | 62.62% | 62.65% |
The acquirer group includes Mr. Atul Garg, Mrs. Mamta Garg, and Mr. Hukam Chand Garg, who belong to the promoter/promoter group. Additionally, Mr. Nipun Jain, a director in the company, is listed among the persons acting in concert (PAC).
The total equity share capital of GRM Overseas Ltd was reported at Rs. 41,44,20,000 before the acquisition and remains at Rs. 41,44,20,000 after the transaction. The company's shares are listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE).
GRMOVER Stock Price Movement
As of 3:01 PM, GRM Overseas Limited sees shares edging higher to ₹94.28, buoyed by a significant jump as the stock rallies in live trading, rising 7.63%. The equity has seen robust activity today, with a volume tallying over 7.31 million shares and trading within an intraday range spanning from ₹90.00 to ₹96.36.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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