Indo Thai Securities Boosts Stake in Arunis Abode to 5.95% Through Rights Issue
Indo Thai Securities Limited and its associates have significantly increased their shareholding in Arunis Abode Limited from 0.14% to 5.95% through a rights issue. Indo Thai Securities alone acquired 30,17,292 shares, raising its stake to 5.92%. The rights issue expanded Arunis Abode's equity share capital from Rs. 3.00 crore to Rs. 51.00 crore, with 4,80,00,000 new shares allotted at Rs. 12.60 per share.

*this image is generated using AI for illustrative purposes only.
Arunis Abode Limited has seen a significant increase in shareholding by Indo Thai Securities Limited and its persons acting in concert through a rights issue, according to a recent regulatory filing.
Key Highlights
- Indo Thai Securities Limited, along with persons acting in concert, acquired 30,29,588 shares in Arunis Abode Limited.
- The acquisition increased their combined shareholding from 0.14% to 5.95%.
- Indo Thai Securities alone acquired 30,17,292 shares, raising its stake from 0.14% to 5.92%.
- The rights issue expanded Arunis Abode's equity share capital from Rs. 3.00 crore to Rs. 51.00 crore.
Details of the Acquisition
The Rights Issue Committee of Arunis Abode Limited approved the allotment of 4,80,00,000 fully paid-up equity shares. This expanded the company's equity share capital from 30,00,000 shares to 5,10,00,000 shares, each with a face value of Rs. 10.00.
Indo Thai Securities Limited, the primary acquirer, saw its shareholding increase from 4,322 shares (0.14%) to 30,21,614 shares (5.92%). The persons acting in concert, including Dhanpal Doshi, Parasmal Doshi, Dhanpal Doshi HUF, Varsha Doshi, Sadhana Doshi, Nishit Doshi, Nivya Doshi, Rajendra Bandi, and Sunita Bandi, collectively acquired additional shares, bringing their total holding to 12,300 shares (0.03%).
Impact and Implications
This substantial increase in shareholding by Indo Thai Securities and its associates could potentially influence the company's decision-making processes. However, it's important to note that Indo Thai Securities is not part of the promoter group of Arunis Abode Limited.
The rights issue, priced at Rs. 12.60 per share (including a premium of Rs. 2.60), has significantly bolstered Arunis Abode's capital base. This influx of funds could provide the company with resources for potential expansion or debt reduction, depending on its strategic plans.
Regulatory Compliance
The disclosure was made in compliance with Regulation 29(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Such disclosures ensure transparency in the stock market and keep investors informed about significant changes in shareholding patterns.
Investors and market watchers will likely keep a close eye on any further developments or strategic moves by Indo Thai Securities concerning its increased stake in Arunis Abode Limited.
Historical Stock Returns for Arunis Abode
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+1.99% | +10.36% | +50.16% | +322.98% | +2,148.32% | +5,014.50% |