Promoter Acquires Shares in Neo Infracon Ltd, Increasing Holding to 6.19%
Mr. Bhavik N. Mehta, acting as a person in concert with the acquirer, has acquired shares of Neo Infracon Limited (Neil) through the open market. The acquisition was completed on June 5, 2026, resulting in an increase in the promoter group's holding.The transaction saw Mr. Mehta acquire 780 voting rights shares of the company. This purchase contributed to the gradual increase in his stake in Neo Infracon Limited.
Prior to the acquisition, the acquirer held 3,27,766 shares carrying voting rights, representing a 6.17% holding against the total share capital of the target company. The mode of this acquisition was the open market.
Following the purchase, the individual's stake increased to 3,28,546 shares, marking a new holding of 6.19%. The overall equity share capital and total voting capital of Neo Infracon Limited remained at 53,06,800 shares pre and post acquisition.
The key figures detailing the status of the promoter's interest before and after the open market purchase are provided below:
| Metric | Before Acquisition | After Acquisition |
|---|---|---|
| Total Shares Held by Promoter/PAC | 3,27,766 | 3,28,546 |
| Holding Percentage | 6.17% | 6.19% |
| Company Equity Share Capital | 53,06,800 shares | 53,06,800 shares |
Stock Price Movement
As of 12:32 p.m., shares of Neo Infracon Ltd are ticking up significantly, trading at ₹44.00, which is 4.86% higher. The stock experienced active movement during the day, ranging between an intraday low of ₹38.95 and a high of ₹49.66.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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