Raj Goenka increases stake in Gamco to 2.42%

1 min read     Updated on 24 Jun 2026, 02:35 PM
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Reviewed by
Riya DScanX News Team
AI Summary

Promoter Raj Goenka increased his shareholding in Gamco Limited to 2.42% by acquiring 15,000 equity shares on June 23, 2026. The open market transaction raised his total holding to 13,04,966 shares. The disclosure was filed under SEBI SAST Regulations.

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Promoter Raj Goenka increased his shareholding in Gamco Limited to 2.42% through an open market acquisition on June 23, 2026. The transaction involved the purchase of 15,000 equity shares with a face value of ₹2 each, raising his total holding to 13,04,966 shares. This follows a previous acquisition on June 17 and June 18, 2026, where he purchased 10,047 shares to reach a 2.39% stake.

The disclosure was submitted to BSE Limited on June 24, 2026, under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Prior to the June 23 transaction, Goenka held 12,89,966 shares, representing 2.39% of the company's equity share capital.

The equity share capital of Gamco Limited remains at ₹10,80,63,000.00, consisting of 5,40,31,500 equity shares of ₹2 each. There were no changes to the shares encumbered or voting rights held otherwise than by shares during this period.

Shareholding Details

Description Number of Shares % of Share Capital
Holding before June 23 acquisition 12,89,966 2.39%
Shares acquired on June 23 15,000 0.03%
Holding after acquisition 13,04,966 2.42%

The transaction was conducted entirely through the open market route. The total diluted share and voting capital of the company remains unchanged at 5,40,31,500 equity shares.

Historical Stock Returns for Gamco

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%+1.72%+20.69%+30.64%+23.02%+5,369.89%

Does Raj Goenka intend to continue increasing his stake to cross the 5% threshold, which would trigger additional disclosure requirements?

What impact might these consistent promoter acquisitions have on retail investor sentiment and the stock's liquidity?

Is the open market accumulation strategy a signal of confidence in Gamco Limited's upcoming quarterly performance?

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
0.0%+1.72%+20.69%+30.64%+23.02%+5,369.89%

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?

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