ALPHA TRIBE

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

01-01-1970 | 12:00 am

Vidarbha Tradelinks Private Limited, a promoter group entity of Bajaj Steel Industries Limited, has significantly increased its equity stake. This acquisition of shares from Rohit Polytex Limited and Bajaj Exports Private Limited was completed under a National Company Law Tribunal-approved Scheme of Arrangement. As a result, Vidarbha Tradelinks' shareholding in Bajaj Steel Industries Limited rose from approximately 8.04% to about 16.39%. This strategic move strengthens the promoter group's overall holding in the company, with the acquisition being exempt from open offer requirements.

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