Westpac Investments increases stake in Getalong Enterprise to 39.96%

1 min read     Updated on 15 Jun 2026, 04:53 PM
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Riya DScanX News Team
AI Summary

Westpac Investments Limited, a promoter of Getalong Enterprise Limited, acquired 3,85,000 equity shares via open market transactions on June 15, 2026, at a price of ₹7.00 per share. Following this acquisition, the promoter's holding in the company increased from 38.14% to 39.96%. The disclosures were submitted under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and SEBI (Prohibition of Insider Trading) Regulations, 2015.

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Westpac Investments Limited, a promoter of getalong enterprise , increased its shareholding by acquiring 3,85,000 equity shares on June 15, 2026. The acquisition was executed through open market purchases at a price of ₹7.00 per share, raising the promoter's stake in the company to 39.96%.

The transaction involved two separate tranches: 2,00,000 equity shares and 1,85,000 equity shares, both purchased at ₹7.00 per share. Prior to this acquisition, Westpac Investments Limited held 80,70,000 shares, representing 38.14% of the total share capital. Post-acquisition, the holding stands at 84,55,000 shares.

The disclosures were submitted to BSE Limited under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The filings confirmed that the acquirer belongs to the promoter group of the target company.

The equity share capital of Getalong Enterprise Limited remains INR 2,11,60,000, divided into 2,11,60,000 equity shares of INR 1 each. The total diluted share capital remains unchanged following the transaction.

Details of Acquisition

Parameter Details
Acquirer Westpac Investments Limited
Target Company Getalong Enterprise Limited
Mode of Acquisition Open Market
Date of Acquisition June 15, 2026
Shares Acquired 3,85,000
Price per Share ₹7.00
Pre-acquisition Holding 38.14% (80,70,000 shares)
Post-acquisition Holding 39.96% (84,55,000 shares)

The filings were signed by Rahul Vikram Jain, Director of Westpac Investments Limited, and Harsha Vikram Jain, Managing Director of Getalong Enterprise Limited.

Historical Stock Returns for Getalong Enterprise

1 Day5 Days1 Month6 Months1 Year5 Years
+7.69%+50.54%+51.19%-7.89%-54.52%-8.74%

Does this increase in promoter stake signal an upcoming delisting or a potential open offer?

How will the market react to the promoter's confidence given the flat acquisition price of ₹7.00?

Does Westpac Investments plan to further increase its holding to cross the 40% threshold?

Getalong Enterprise promoter acquires 5,000 shares, increases holding to 4.75%

1 min read     Updated on 10 Jun 2026, 06:45 PM
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Reviewed by
Naman SScanX News Team
AI Summary

Mrs. Sweety Rahul Jain, a promoter of Getalong Enterprise Limited, acquired 5,000 equity shares on June 10, 2026, at ₹5.50 per share via an open market transaction. This purchase increased her total holding to 10,05,000 shares, representing 4.75% of the company's voting capital. The company disclosed the transaction to BSE under SEBI regulations for substantial acquisition and insider trading.

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*this image is generated using AI for illustrative purposes only.

Mrs. Sweety Rahul Jain, a promoter of getalong enterprise , increased her shareholding in the company through an open market acquisition on June 10, 2026. The transaction involved the purchase of 5,000 equity shares at a price of ₹5.50 per share, raising her stake to 4.75% of the total paid-up capital.

The acquisition was disclosed to BSE Limited under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Additionally, the company submitted a disclosure under Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, regarding the change in holding by the promoter.

Prior to this acquisition, Mrs. Sweety Rahul Jain held 10,00,000 equity shares, which accounted for 4.73% of the company's voting rights. Following the purchase of 5,000 shares, her total holding stands at 10,05,000 equity shares. The total equity share capital of Getalong Enterprise Limited remains INR 2,11,60,000, divided into 2,11,60,000 equity shares of INR 1 each.

Details of Acquisition

The following table outlines the changes in the promoter's shareholding as per the regulatory filings:

Description Number of Shares % of Total Share Capital
Holding before acquisition 10,00,000 4.73%
Shares acquired 5,000 0.02%
Holding after acquisition 10,05,000 4.75%

The transaction was executed on the BSE platform. The value of the transaction, excluding taxes and brokerage, was ₹27,500. Harsha Vikram Jain, Managing Director of Getalong Enterprise Limited, confirmed the receipt of the disclosures and submitted the necessary filings to the stock exchange.

Historical Stock Returns for Getalong Enterprise

1 Day5 Days1 Month6 Months1 Year5 Years
+7.69%+50.54%+51.19%-7.89%-54.52%-8.74%

Does this acquisition signal the start of a broader trend of increased promoter confidence in the company?

How might the market interpret this move regarding the company's future performance and stock valuation?

Are there plans for further open market purchases by the promoter or other insiders in the near term?

More News on Getalong Enterprise

1 Year Returns:-54.52%