Devinsu Trading Ltd — Insider Trade, 01-01-1970: Insider Trading / SAST
01-01-1970 | 12:00 am
01-01-1970 | 12:00 am
Sunshine Fibre Private Limited has acquired an 18.30% stake in Devinsu Trading Limited by purchasing 91,493 shares at ₹339 per share from promoters who collectively held 18.30% before sale. Both entities share common promoters holding over 50% of Sunshine Fibre, allowing this transaction under an exemption clause. The acquisition complies with takeover norms and related disclosures are complete. This stake increase consolidates promoter control and may enhance Sunshine Fibre’s influence on Devinsu Trading’s operations and strategic direction, potentially benefiting shareholders through closer alignment.
No comments yet. Be the first to comment!
