Suncare Traders Increases Stake in Shree Ganesh Bio-Tech Through Open Market Purchase
Suncare Traders Ltd has acquired shares of Shree Ganesh Bio-Tech (India) Limited through an open market transaction, resulting in a reduction in its holding. The acquisition was conducted over a period spanning from April 1, 2026, to June 22, 2026.The acquisition pertains to the target company, which is listed on the BSE Limited. Suncare Traders Ltd holds no promoter status regarding either of the companies involved in this transaction.
Details regarding the shift in holding are presented below:
| Metric | Before Acquisition Holding | Acquisition Details (Open Market) | After Acquisition Holding |
|---|---|---|---|
| Shares Carrying Voting Rights | 1,34,58,166 (5.28%) | Acquired: 86,48,166 (3.39%) | 48,10,000 (1.89%) |
| Total Equity Share Capital of TC | Rs. 51,00,00,000/- (Equity share of Rs. 2/- each) | N/A | Rs. 51,00,00,000/- / 25,50,00,000 |
The mode of acquisition utilized by Suncare Traders Ltd was the Open Market. Prior to the transaction, the target company's total voting capital stood at Rs. 51,00,00,000 divided in Equity share of Rs. 2/- each.
Following the purchase, the holding of shares carrying voting rights by Suncare Traders Ltd is reported as 48,10,000, representing 1.89% of the total diluted capital of Shree Ganesh Bio-Tech (India) Limited. The total equity share capital and voting capital of the target company remains Rs. 51,00,00,000 divided in Equity share of Rs. 2/- each.
Stock Price Movement
As of 11:02, Suncare Traders Ltd shares are ticking down slightly, trading at ₹0.42, which is a 2.33% drop. The stock has moved throughout the day within an intraday range spanning from a low of ₹0.42 to a high of ₹0.44.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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