Alpha Tribe

PG Electroplast LimitedOthers, 24-03-2025: Disclosure under SEBI Takeover Regulations

24-03-2025 · 11:14 am

Pranav Gupta and family, acting as Acquirers, plan to acquire 9,00,000 equity shares (0.32% of paid-up share capital) of PG Electroplast Limited from promoter Anurag Gupta and others, primarily as a gift to immediate relatives. The acquisition is set for on or after March 28, 2025, with the shares valued at a market price of approximately ₹888.29 each. This move reflects strategic family alignment and increases the Acquirers' total holding to 3.15% of the company. Investors may view this transfer positively, considering it enhances family control while potentially stabilizing investor sentiment around the company's governance.

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