Sreeram Reddy Vanga Acquires Shares in Photon Capital Advisors Limited, Increasing Stake Post-Transfer
Sreeram Reddy Vanga has acquired a significant stake in Photon Capital Advisors Limited through the off market transfer of shares. The acquisition was formalized on June 18, 2026, resulting in Mr. Vanga's increased holding in the company.The transaction involved Sreeram Reddy Vanga acquiring 9,97,000 equity shares of Photon Capital Advisors Limited. This acquisition pertains to the transfer of shares from an escrow demat account—which was maintained for a previously conducted Open Offer under SEBI (SAST) Regulations, 2011—into Mr. Vanga's personal demat account upon the completion and closure of that Open Offer process.
Prior to this acquisition, Sreeram Reddy Vanga, acting in concert with other parties, held a total of 14,75,000 shares, representing 17.83% (voting) or 31.32% (diluted) of the company's capital. Following the completion of this transfer, his holding increased to 24,72,000 shares, equating to a 54.47% stake by voting rights and 52.48% based on diluted share capital.
The details of the acquisition and holdings are presented below:
| Metric | Pre-Acquisition Holding (Shares) | Post-Acquisition Holding (Shares) |
|---|---|---|
| Total Shares Held | 14,75,000 | 24,72,000 |
| Voting Capital Percentage | 17.83% | 54.47% |
| Diluted Share Capital Percentage | 31.32% | 52.48% |
The company's Equity Share Capital was reported as Rs. 2,72,06,940 divided into 27,20,694 equity shares of Rs. 10 each before the said acquisition. Post-acquisition and based on diluted share capital, the Equity Share Capital remains at Rs. 2,72,06,940, now comprising 47,10,694 equity shares of Rs. 10 each.
Stock Price Movement
As of 12:51, Photon Capital Advisors Ltd is edging higher in the market, currently trading at ₹153.45 after gaining 4.99%. The shares are completely locked today, as the intraday high and low remain identical at ₹153.45.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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