Promoter Group Acquires Shares in GRM Overseas Ltd
The promoter group of GRM Overseas Limited has increased its holding in the company through an open market acquisition. Mr. Atul Garg, a key figure within the promoter group, acquired 238,281 equity shares of GRM Overseas Limited on June 11, 2026.Mr. Atul Garg executed the acquisition as part of a group effort involving several individuals and affiliated parties, including Mrs. Mamta Garg, Hukam Chand Garg, and Mr. Nipun Jain, whose total shareholding increased following the transaction.
The shares acquired during the open market purchase carry a face value of Rs. 2/- per share. This acquisition resulted in an increase in the promoter group's stake while the company maintains its existing capital structure.
Acquisition Details and Share Holding
Details regarding the pre-acquisition and post-acquisition holding of the acquirer and Persons Acting in Concert (PACs) are provided below:
| Metric | Before Acquisition | After Acquisition |
|---|---|---|
| Total Shares Held by Acquirer/PACs | 12,98,14,445 | 13,00,52,726 |
| Percentage of Total Diluted Capital | 62.65% | 62.76% |
The company’s capital details before the acquisition stood at Rs. 41,44,20,000, which was constituted by 20,72,10,000 equity shares of face value Rs. 2/- each. Following the transaction, the total diluted share/voting capital remains Rs. 41,44,20,000 divided into 20,72,10,000 equity shares of face value Rs. 2/- each.
The acquisition was carried out through the Open Market. The increased holding reflects the stake held by Mr. Atul Garg and his associated promoter group members in GRM Overseas Limited.
GRMOVER Stock Price Movement
Shares of GRM Overseas Limited are surging, trading up 7.63% to ₹94.28 as of 2:45 PM today. The equity maintains a healthy intraday range, with over 7.3 million shares traded 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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