Renuka Trading Acquires 5.58% Stake in GK Consultants Limited
Renuka Trading has acquired a 5.58% stake in GK Consultants Limited, totaling 631,733 shares. The acquisition was made through off-market transactions on June 6 and June 25. GK Consultants Limited, listed on BSE, has a total equity share capital of INR 11,31,18,000. Renuka Trading is not part of the promoter group and has filed the necessary disclosures under SEBI Takeover Regulations.
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GK Consultants Limited has recently experienced a significant change in its shareholding structure, as Renuka Trading acquired a substantial stake in the company. This development was disclosed in a report filed under SEBI Takeover Regulations, drawing attention from market observers.
Acquisition Details
Renuka Trading has reported a shareholding of 631,733 shares in GK Consultants Limited, representing 5.58% of the company's total share capital. The acquisition was executed through stock exchange off-market transactions on two separate dates:
| Date | Shares Acquired |
|---|---|
| June 6 | 257,538 |
| June 25 | 374,195 |
Company Information
GK Consultants Limited, listed on the Bombay Stock Exchange (BSE), has a total equity share capital of INR 11,31,18,000, divided into 1,13,11,800 equity shares with a face value of INR 10 each.
Acquirer Status
It's important to note that Renuka Trading does not belong to the promoter or promoter group of GK Consultants Limited. This acquisition appears to be a strategic investment by an external entity.
Regulatory Compliance
In compliance with regulatory requirements, Renuka Trading has filed the necessary disclosures under Regulation 29(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing provides transparency regarding the change in shareholding.
Acquirer Details
Renuka Trading, the acquirer, is based at 44A Manohar Park, Rohtak Road, Punjabi Bagh, Delhi-110026. The entity can be contacted via email at Renukatrading90@gmail.com or by phone at +91 8750557617.
This acquisition by Renuka Trading marks a significant development for GK Consultants Limited, potentially influencing the company's ownership structure and future strategic decisions. Investors and market analysts will likely keep a close watch on any further developments or changes in the company's shareholding pattern.
Historical Stock Returns for GK Consultants
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.99% | -12.04% | -15.65% | -28.92% | -13.66% | +481.86% |
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