Shree Shyam Tea Private Limited Acquires 19.85% Stake in Archidply Industries Ltd Through Inter-Se Transfer
Shree Shyam Tea Private Limited has acquired a significant stake in Archidply Industries Limited through an inter-se transfer of shares, related to a Scheme of Amalgamation involving promoter group companies.The acquisition involves Shree Shyam Tea Private Limited acquiring 3,943,509 equity shares of Archidply Industries Limited, representing 19.85% of the company's total share capital. The transaction details highlight that the shares were acquired from Vanraj Suppliers Private Limited.
This transaction falls under the rationale of Amalgamation and relates to an inter-se transfer between promoter group companies.
Key details regarding the acquisition and pre-transaction shareholding include:
| Entity | Role | Number of Shares Held | % of Total Share Capital (TC) |
|---|---|---|---|
| Shree Shyam Tea Private Limited | Acquirer/Transferee | 277,900 | 1.40% |
| Vanraj Suppliers Private Limited | Seller/Transferor | 3,943,509 | 19.85% |
The acquisition details specify that the shares were transferred via inter-se transfer in relation to the Scheme of Amalgamation.
ARCHIDPLY Stock Price Movement
Today, Archidply Industries Limited shares edged higher to close at ₹80.52 after gaining 0.86%. The stock traded within a volatile session, moving between a day low of ₹76.70 and a high of ₹84.40.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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