Promoter Acquires Shares in Medico Intercontinental Ltd through Open Market Purchase
Medico Intercontinental Limited stock movement saw a notable acquisition by promoter Samir Dilipkumar Shah during June 2026. Mr. Shah purchased Equity Shares of the company via the open market over a period spanning from June 3, 2026, to June 24, 2026.The acquisition details show that Mr. Shah acquired 1,36,886 Equity Shares, which constituted 1.37% of the total share and voting capital of Medico Intercontinental Limited (MIL). The company's equity share capital/total voting capital was reported as 10,00,00,000 both before and after the purchase transaction.
As a promoter, Mr. Shah’s holding increased following the open market purchase. Prior to the acquisition, Mr. Samir Dilipkumar Shah held 46,40,113 shares carrying voting rights, representing 46.40% of the total share capital. After the purchase, his stake rose to 47,76,999 shares, which equates to 47.78%.
The acquisition was part of a larger interest held by Mr. Shah and related parties. The promoter group’s (PAC) composite holding saw significant growth across the period.
A summary of the shareholding details before and after the transaction is presented below:
| Stakeholder | Pre-Acquisition Holding (Shares/%) | Post-Acquisition Holding (Shares/%) |
|---|---|---|
| Mr. Samir Dilipkumar Shah | 46,40,113 / 46.40% | 47,76,999 / 47.78% |
| Total Promoter Group (PAC) Composite Holding | 59,10,825 / 59.11% | 60,47,711 / 60.48% |
The shares acquired were purchased through the Open Market mechanism. The table below further details the composition of the promoter group and subsequent increases in holding:
| Shareholding Details | Pre-Acquisition Holding (Shares/%) | Post-Acquisition Holding (Shares/%) |
|---|---|---|
| Mr. Samir Dilipkumar Shah | 46,40,113 / 46.40% | 47,76,999 / 47.78% |
| PAC: Mr. Dilipkumar Bhogilal Shah | 10,74,397 / 10.74% | 10,74,397 / 10.74% |
| Other Promoters/Associates (Total) | 59,10,825 - (Mr. Shah + Mr. Bhogilal's Shares) | 60,47,711 - (Mr. Shah + Mr. Bhogilal's Shares) |
Stock Price Movement
At 14:47, shares of Medico Intercontinental Ltd are tipping downward by 2.82%, trading at ₹29.99.Throughout the day, the stock has seen substantial volatility, moving within an intraday range stretching from a low of ₹29.01 to a high of ₹31.89.
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