Golden Goenka Credit raises stake in Gamco to 42.52%

1 min read     Updated on 19 Jun 2026, 09:19 AM
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Reviewed by
Ashish TScanX News Team
AI Summary

Golden Goenka Credit Private Limited, a promoter of Gamco Limited, acquired 10,000 equity shares on June 16, 2026, raising its stake to 42.52%. The transaction was executed via the open market, increasing the total holding to 22,971,834 shares. The disclosure was filed with BSE Limited under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

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Golden Goenka Credit Private Limited, a promoter shareholder of Gamco Limited , has increased its stake in the company to 42.52% through an open market acquisition. The acquirer purchased 10,000 equity shares of face value ₹2 each on June 16, 2026, raising its total holding to 22,971,834 shares. The disclosure was submitted to BSE Limited on June 18, 2026, under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Prior to the transaction, Golden Goenka Credit Private Limited held 22,961,834 shares, representing 42.50% of the total voting capital. The acquisition of 10,000 shares resulted in a marginal increase of 0.02% in the promoter's shareholding. The total equity share capital of Gamco Limited remains at ₹10,80,63,000, consisting of 5,40,31,500 equity shares of ₹2 each.

The filing confirmed that there were no changes to the encumbered shares, voting rights held otherwise than by shares, or holdings in warrants and convertible securities. The entire transaction was executed through the open market mechanism. Vinay Kumar Goenka, Director of Golden Goenka Credit Private Limited, signed the disclosure on behalf of the acquirer.

Shareholding Details

The following table outlines the changes in the shareholding pattern of Golden Goenka Credit Private Limited in Gamco Limited:

Description Number of Shares % of Total Share Capital % of Diluted Share Capital
Holding Before Acquisition
Shares carrying voting rights 22,961,834 42.50 42.50
Acquisition Details
Shares acquired 10,000 0.02 0.02
Holding After Acquisition
Shares carrying voting rights 22,971,834 42.52 42.52

The disclosure was addressed to the Department of Corporate Services at BSE Limited and the Compliance Officer at Gamco Limited for information and record purposes.

Historical Stock Returns for Gamco

1 Day5 Days1 Month6 Months1 Year5 Years
+3.66%+11.07%+22.54%+20.40%+15.94%+5,311.24%

Does this incremental increase signal a potential intent by Golden Goenka Credit to launch a full open offer for Gamco Limited?

How might the market interpret this acquisition regarding the promoter's confidence in Gamco Limited's future performance?

Is Golden Goenka Credit planning to further consolidate its stake in the near term given the current shareholding level?

Rashi Goenka raises stake in Gamco Limited to 2.63%

1 min read     Updated on 16 Jun 2026, 03:23 PM
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Reviewed by
Riya DScanX News Team
AI Summary

Rashi Goenka, part of the promoter group, acquired 10,000 shares of Gamco Limited on June 15, 2026, via an open market transaction. This increased her total holding to 1,421,933 shares, or 2.63% of the paid-up equity capital. The disclosure was filed with BSE under SEBI SAST Regulations.

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Rashi Goenka, a member of the promoter group, increased her shareholding in Gamco Limited to 2.63% following the acquisition of 10,000 equity shares on June 15, 2026. The transaction was executed through the open market, raising her total stake to 1,421,933 equity shares. This move strengthens her position within the company's promoter group.

The disclosure was submitted to BSE Limited in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The regulation mandates the disclosure of changes in shareholding or voting rights by promoters and acquirers. Prior to this acquisition, Goenka held 1,411,933 shares, which accounted for 2.61% of the company's equity.

The equity shares of Gamco Limited have a face value of ₹2 each. The company's total equity share capital remains at ₹10,80,63,000, consisting of 5,40,31,500 equity shares. The acquisition did not involve any encumbrance, pledge, or other non-disposal undertakings, and there were no warrants or convertible securities involved in the transaction.

The following table details the change in shareholding:

Particulars Number of Shares % of Total Share Capital % of Diluted Share Capital
Before Acquisition
Shares carrying voting rights 1,411,933 2.61 2.61
Acquisition Details
Shares acquired 10,000 0.02 0.02
After Acquisition
Total shares held 1,421,933 2.63 2.63

Gamco Limited is listed on BSE Limited under the scrip code 540097. The filing confirmed that the total diluted share and voting capital of the company remains unchanged after the transaction. The disclosure was signed and submitted by Rashi Goenka on June 16, 2026.

Historical Stock Returns for Gamco

1 Day5 Days1 Month6 Months1 Year5 Years
+3.66%+11.07%+22.54%+20.40%+15.94%+5,311.24%

Does this acquisition signal a potential trend of increasing promoter consolidation in Gamco Limited?

How might the market interpret this move regarding the promoter group's confidence in the company's future performance?

Could this purchase be part of a larger strategy by the promoter group to influence corporate governance decisions?

More News on Gamco

1 Year Returns:+15.94%