Sethi Funds Management Acquires Shares in KCP Sugar and Industries Corporation Limited
Sethi Funds Management Private Limited has acquired a stake in KCP Sugar and Industries Corporation Limited through the open market, expanding its holding in the company.The acquisition involved the purchase of 50,000 equity shares from the open market. This transaction contributed to the acquirer's interest, which now stands at 0.30% of the total issued and paid-up share capital of KCP Sugar and Industries Corporation Limited.
This latest acquisition follows a prior holding by Sethi Funds Management Private Limited. The entity previously held 295,000 shares, representing 0.26% of the company's capital. Following the purchase of the new equity shares, the total stake increased to 345,000 shares.
The acquisition activity spanned across two dates in June 2026:
- On June 2, 2026, 30,000 shares were purchased.
- On June 3, 2026, 20,000 shares were purchased.
The acquisition mode was consistently reported as the Open Market. This activity aligns with the fact that both KCP Sugar and Industries Corporation Limited and Sethi Funds Management Private Limited are listed on the NSE of India and IJSE Limited.
Details regarding the holding status before and after the transaction:
| Status | Before Acquisition | After Acquisition |
|---|---|---|
| Shares Carrying Voting Rights (Total) | 295,000 | 345,000 |
| Percentage of Total Issued Capital | 0.26% | 0.30% |
| Mode of Acquisition | N/A | Open Market |
KCPSUGIND Stock Price Movement
Today, KCP Sugar and Industries Corporation Limited shares edged higher to close at ₹23.96, gaining 1.61% in after-hours trading. The stock finished within a tight intraday range, having traded between a low of ₹23.5 and a high of ₹24.12.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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