Promoter Group Acquires Shares in Neo Infracon Ltd through Open Market Transaction
Neo Infracon Ltd saw a minor increase in its promoter group's stake following an acquisition carried out via the open market by Mr. Bhavik N. Mehta, who is part of the Promoter Group. The transaction involved the purchase of shares by the acquirer from the target company, Neo Infracon Ltd.The acquisition took place on June 8, 2026, with the promoter group increasing their holding in Neo Infracon Ltd. through this open market sale. Prior to the acquisition, Mr. Bhavik N. Mehta held 3,28,546 shares carrying voting rights of Neo Infracon Ltd, which represented 6.19% of the total voting capital.
The details regarding the change in holding and share statistics are presented below:
| Description | Before Acquisition | Acquisition Details | After Acquisition |
|---|---|---|---|
| Shares Carrying Voting Rights (A) | 3,28,546 | 101 | 3,28,647 |
| Percentage of Holding | 6.19% | 0.002% | 6.19% |
The acquisition involved the purchase of 101 shares carrying voting rights, equating to 0.002% of the total diluted share/voting capital of Neo Infracon Ltd.
Despite this small increase in quantity, Mr. Bhavik N. Mehta's holding percentage remained at 6.19%. The total equity share capital and total voting capital of Neo Infracon Ltd were recorded as 53,06,800 shares both before and after the acquisition.
Stock Price Movement
As of 10:42, shares of Neo Infracon Ltd are edging higher, trading at ₹44.49 after an 8.49% surge. The stock has seen a volatile session today, moving within an intraday range set by a low of ₹44.49 and a high of ₹48.88.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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