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Jinesh Kanaiyalal Pandav and Persons Acting in Concert have acquired 5.58 Crore equity shares, representing a 74.40% stake in Shantai Industries Limited. This off-market acquisition, completed through a Share Purchase Agreement, means the acquirer group now holds a significant majority of the company's 7.50 Crore total equity shares. This substantial change in ownership could signal new strategic directions or management control for Shantai Industries, making it a key development for existing shareholders.