Utsav Promoters Acquires Shares of Tai Industries Ltd in Open Market Transaction
Utsav Promoters Private Limited has made an acquisition in the shares of Tai Industries Limited. The transaction, which involved open market purchases, resulted in a minor increase in the promoter group's stake in the target company.The acquisition took place on June 23, 2026. Utsav Promoters acquired 1083 fully paid-up Equity Shares of Tai Industries Limited for Rs. 6,00,00,000. These shares were divided into 60,00,000 equity shares and the purchase was made through an Open Market transaction.
The acquisition impacts Utsav Promoters' stake in the company. Prior to this specific purchase, Utsav held 1,74,740 shares, representing a 2.9123% holding of the total share capital. Following the acquisition of 1083 shares, Utsav Promoters' holding increased to 1,74,741 shares, equating to a 2.9124% stake in Tai Industries Limited.
The company structure and associated holdings are detailed below:
| Entity | Shares Before Acquisition | % Holding (Before) | Shares After Acquisition | % Holding (After) |
|---|---|---|---|---|
| Utsav Promoters Private Limited | 1,74,740 | 2.9123% | 1,74,741 | 2.9124% |
The combined shareholding data for the acquirer and Persons Acting in Concert (PAC) is as follows:
| Stakeholder Group | Total Shares Before Acquisition | % Holding (Before) | Total Shares After Acquisition | % Holding (After) |
|---|---|---|---|---|
| Utsav Promoters Pvt. Ltd. & PACs | 13,58,019 | 22.6337% | 13,58,020 | 22.6337% |
The transaction details are summarized as follows:
| Details | Specification |
|---|---|
| Target Company | Tai Industries Limited |
| Acquirer | Utsav Promoters Private Limited |
| Date of Acquisition | June 23, 2026 |
| Shares Acquired (Utsav) | 1083 Equity Shares |
| Consideration Paid | Rs. 6,00,00,000/- |
| Total Diluted Share Capital of TC After Acquisition | Rs. 6,00,00,000/- divided into shares of Rs.10/-each |
Stock Price Movement
TAI Industries Ltd closed Wednesday after settling at ₹25.09, registering a gain of 3.89%.During trading, shares moved between an intraday low of ₹24.15 and a high of ₹25.35.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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