Promoter Group Members Inter-se Transfer Shares in The Phosphate Company Ltd
The Phosphate Company Limited reported the inter-se transfer of shares involving promoter group members. This acquisition was conducted by the company and its related parties from a seller within the shareholder base.The transaction involves the acquisition of 88,814 shares carrying voting rights by the Acquirer—a member of the Promoter Group—which represented 2.4619% of the total share capital. The details of the transaction and resulting holdings are provided below:
| Financial Metric | Pre-Acquisition Holding | Acquisition Details | Post-Acquisition Holding |
|---|---|---|---|
| Total Equity Share Capital / Voting Capital | Rs. 3,60,74,800 | Shares Acquired (Voting Rights) | N/A |
| Percentage of Ownership (Promoter Group) | Various figures reported | Acquisition Volume | 3.2984% |
The transaction details highlight the shares acquired and subsequently report the holdings of the Acquirer and associated Persons Acting in Concert (PAC). The list of Promoter Group members, including Ramesh Kumar Bangur, Ajay Bangur, Anirudh Bangur, Archana Bangur, Gita Bangur, Luxmi Devi Madangoi'al Bangur, Madhur Bangur, Milan Bangur, and Pradyumna Bangur, are associated with the acquisition.
According to the reported data:
- Pre-Acquisition: The total holding of shares carried by voting rights for the Acquirer (and PAC members) stood at 786,593 shares.
- Post-Acquisition: Following the transfer, the holding in shares carrying voting rights reached 118,990.
The company’s equity share capital and total voting capital before and after the transaction remained at Rs. 3,60,74,800 for all reporting purposes pertaining to the Promoter Group and PAC members' holdings.
Stock Price Movement
At the close of trade on Tuesday, shares of The Phosphate Company Ltd settled at ₹140.10, sinking by 3.38%. Throughout the session, the stock saw movement between its intraday high of ₹149.00 and a low of ₹140.05.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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