Soma Papers & Industries Ltd — Insider Trading, 01-01-1970: Insider Trading / SAST

Soma Papers & Industries has disclosed a significant share acquisition by Jitendra Rasiklal Sanghavi and two Persons Acting in Concert (PACs), Bhavi Jitendra Sanghavi and Brijesh Jitendra Parekh. They acquired a total of 70,00,000 equity shares through a preferential allotment. This represents a 6.06% stake in the company's total voting capital post-acquisition. These acquirers are not part of the promoter group. The acquisition also dramatically increases the company's equity capital from Rs. 1.40 Cr to Rs. 115.48 Cr. This move indicates new investor interest and a notable shift in ownership structure for Soma Papers.