Shree Shyam Tea Private Limited Acquires 17.71% Stake in Archidply Decor Ltd through Inter-se Transfer
Shree Shyam Tea Private Limited has acquired a substantial stake in Archidply Decor Limited. The acquisition involves the purchase of 985,877 equity shares, representing 17.71% of the total share capital of Archidply Decor Limited.The transaction was executed through an inter-se transfer of shares among promoter group companies. This deal is related to a scheme of amalgamation.
In relation to the acquisition details, the seller in the transaction was identified as Vanraj Suppliers Private Limited. The sale of these 985,877 shares by Vanraj Suppliers Private Limited resulted in Shree Shyam Tea Private Limited achieving the acquired stake.
The details of the pre-transaction shareholding within Archidply Decor Limited are as follows:
| Entity | Role/Status | Shares Held | % of Total Share Capital |
|---|---|---|---|
| Shree Shyam Tea Private Limited | Acquirer / Promoter Group Member | 69,475 | 1.25% |
| Vanraj Suppliers Private Limited | Seller / Transferor | 985,877 | 17.71% |
This acquisition was conducted in compliance with the relevant regulations regarding the substantial acquisition of shares and is exempted from requiring an open offer based on Regulation 10(1)(d)(iii) of the SEBI (SAST) Regulations, 2011.
ADL Stock Price Movement
Archidply Decor Limited stock settled lower today, shedding 0.68% as it closed at ₹71.8. The equity traded within a tight session, managing to hit a low of ₹68.31 during the market hours.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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