NewsCorporate ActionsSsamta Amar Gaala Boosts Stake in Enbee Trade & Finance to 21.15% via Rights IssueSsamta Amar Gaala Boosts Stake in Enbee Trade & Finance to 21.15% via Rights Issue
Ssamta Amar Gaala, a promoter group member of Enbee Trade & Finance Limited, has substantially increased their stake in the company through a rights issue. On June 23, 2023, Gaala acquired 29,79,512 equity shares, raising their shareholding from 50,000 shares (3.12% voting rights) to 30,29,512 shares (21.15% voting rights). The rights issue also expanded the company's equity share capital from 1,60,00,500.00 to 14,32,39,390.00, increasing the number of equity shares from 16,00,050 to 1,43,23,939.
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Enbee Trade & Finance Limited has witnessed a significant change in its shareholding structure following a recent rights issue. Ssamta Amar Gaala, a member of the company's promoter group, has substantially increased their stake in the firm.
Key Highlights of the Transaction
| Aspect | Details |
|---|---|
| Acquirer | Ssamta Amar Gaala (Promoter Group Member) |
| Acquisition Date | June 23, 2023 |
| Shares Acquired | 29,79,512 equity shares |
| Acquisition Method | Rights Issue |
| Previous Shareholding | 50,000 shares (3.12% of voting rights) |
| New Shareholding | 30,29,512 shares (21.15% of voting rights) |
Impact on Company's Equity Structure
The rights issue has led to a substantial expansion of Enbee Trade & Finance Limited's equity share capital:
| Aspect | Before Rights Issue | After Rights Issue |
|---|---|---|
| Equity Share Capital | 1,60,00,500.00 | 14,32,39,390.00 |
| Number of Equity Shares | 16,00,050 | 1,43,23,939 |
| Face Value per Share | 10.00 | 10.00 |
This significant increase in Gaala's shareholding, from 3.12% to 21.15%, represents a notable shift in the company's ownership structure. The substantial rise in the number of shares held by a promoter group member could potentially influence the company's decision-making processes and strategic direction.
The disclosure of this transaction was made in compliance with the Securities and Exchange Board of India (SEBI) regulations concerning substantial acquisition of shares and takeovers. This adherence to regulatory requirements ensures transparency for all stakeholders and maintains the integrity of the market.
Investors and market watchers may want to keep an eye on any potential changes in the company's governance or strategic initiatives that could follow this significant shift in shareholding. However, it's important to note that the immediate impact of this change on the company's operations or performance remains to be seen.
