ALPHA TRIBE

Bajaj Steel Industries LtdInsider Trading, 01-01-1970: Insider Trading / SAST

01-01-1970 | 12:00 am

Vidarbha Tradelinks Private Limited has reported the transfer of 17,10,400 equity shares of Bajaj Steel Industries Limited to its ownership. This transfer resulted from a Scheme of Arrangement sanctioned by the National Company Law Tribunal, involving Bajaj Exports Private Limited, Rohit Polytex Limited, and Vidarbha Tradelinks Private Limited. Consequently, Bajaj Exports Private Limited's entire 8.22% stake in Bajaj Steel Industries, totaling 17,10,400 shares, has moved to Vidarbha Tradelinks. This increases Vidarbha Tradelinks' holding in Bajaj Steel Industries Limited from 8.17% (16,98,400 shares) to 16.39% (34,08,900 shares). This is an inter-se transfer without monetary consideration, reflecting a corporate restructuring.

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