Promoters' Shareholding Jumps as Mr. Amit Anand Acquires Shares in Apis India Ltd.
Mr. Amit Anand, acting through his capacity within the Promoter Group, has acquired shares in Apis India Ltd., resulting in a significant increase in his stake. The transaction details confirm that the acquisition was completed through an Off-Market Inter-se-Transfer immediate relative (by way of Gift).Prior to this purchase, Mr. Amit Anand held 2,44,85,825 shares in Apis India Ltd., representing 17.78% of the company's total share capital. The equity share capital of the target company before the acquisition was Rs. 137,75,19,000/- (13,77,51,900) Equity shares of Rs. 10/- each.
The completed acquisition involved the purchase of 1,07,00,000 shares, equating to 7.77% of the total share capital of Apis India Ltd.
Following the transaction, Mr. Amit Anand's holding increased substantially. The number of shares held after the acquisition is 3,51,85,825. This increase positions Mr. Anand at a 25.55% stake in Apis India Ltd.
The financial details of the acquisition and subsequent holdings are summarized below:
| Status | Shares Carrying Voting Rights (A) | Percentage Holding (%) |
|---|---|---|
| Before Acquisition | 2,44,85,825 | 17.78% of total share capital of the Company |
| Shares Acquired in Transaction | 1,07,00,000 | 7.77% of total share capital of the Company |
| After Acquisition | 3,51,85,825 | 25.55% of total share capital of the Company |
The equity share capital and total voting capital of Apis India Ltd. remained stable at Rs. 137,75,19,000/- (13,77,51,900) Equity shares of Rs. 10/- each after the acquisition.
Stock Price Movement
At 3 PM, Apis India Ltd shares are slipping to ₹60.31, reflecting a 1.74% decline during today's trading session. The stock has been consolidating throughout the day, having traded within an intraday range spanning from a low of ₹59.31 to a high of ₹61.80.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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