PURE SPIRITSSLIMITED Acquires 5.22% Stake in Purshottam Investofin Limited
PURE SPIRITSSLIMITED has acquired a stake in Purshottam Investofin Limited, representing 5.22 percent of the paid-up equity share capital of the target company. The acquisition was conducted through the open market.The acquiring entity, PURE SPIRITSSLIMITED, successfully purchased 3,87,353 shares in Purshottam Investofin Limited. These shares were acquired at a price of INR 10/- each.
Prior to this transaction, PURE SPIRITSSLIMITED held zero shares in Purshottam Investofin Limited, demonstrating that the acquisition constituted a new investment by the company into the target entity. Following the successful purchase, PURE SPIRITSSLIMITED now holds 3,87,353 shares, corresponding to 5.22% of the total diluted share capital.
The financial structure of Purshottam Investofin Limited before and after the acquisition stands as follows:
| Parameter | Pre-Acquisition Details | Post-Acquisition Details |
|---|---|---|
| Target Company | Purshottam Investofin Limited | Purshottam Investofin Limited |
| Acquirer Entity | PURE SPIRITSSLIMITED | PURE SPIRITSSLIMITED |
| Shares Acquired by Acquirer | N/A | 3,87,353 (representing 5.22% of the paid-up equity) |
| Mode of Acquisition | Open Market | Open Market |
| Total Equity Share Capital of TC Before Acquisition | INR 7,42,32,950 (consisting of 74,23,295 shares of INR 10/- each) | N/A |
| Total Diluted Share Capital After Acquisition | N/A | INR 7,42,32,950 (Seven Crores Forty-Two Lacs Thirty-Two Thousand Nine Hundred Fifty Only) |
The transaction details indicate that PURE SPIRITSSLIMITED made the acquisition through open market purchases.
Stock Price Movement
At the close of trading on Wednesday, shares of Purshottam Investofin Ltd settled at ₹33.25, sinking 2.21% for the day. The stock traded through a narrow range during the session, reaching an intraday high of ₹34.00 before hitting its low at ₹33.25.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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