NewsCorporate ActionsVibrant Global Capital Promoter Boosts Stake to 75.89% Through Share AcquisitionVibrant Global Capital Promoter Boosts Stake to 75.89% Through Share Acquisition
Vibrant Global Capital Limited's promoters have significantly increased their shareholding. Vaibhav Vinod Garg, Promoter and Whole Time Director-cum-CFO, acquired 3,00,000 shares, while Vaibhav Garg HUF purchased 2,50,000 shares on December 10, 2020. The promoter group's total shareholding now stands at 59,31,310 shares, representing 75.89% of the total share capital. The company has submitted necessary disclosures under SEBI regulations.
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Vibrant Global Capital Limited has reported a significant change in its shareholding structure, with key promoters increasing their stake in the company. The move, which took place through open market transactions, has resulted in a substantial rise in the promoter group's overall shareholding.
Details of the Acquisition
On December 10, 2020, two key entities associated with the company's promoter group made substantial share purchases:
| Acquirer | Shares Acquired |
|---|---|
| Vaibhav Vinod Garg (Promoter and Whole Time Director-cum-Chief Financial Officer) | 3,00,000 |
| Vaibhav Garg HUF | 2,50,000 |
Impact on Shareholding
Following this acquisition, the combined shareholding of these entities has seen a notable increase:
| Metric | Value |
|---|---|
| Total Shares Held Post-Acquisition | 59,31,310 |
| Percentage of Total Share Capital | 75.89% |
Regulatory Compliance
In adherence to regulatory requirements, Vibrant Global Capital Limited has submitted the necessary disclosures under SEBI regulations concerning substantial acquisition of shares. This move ensures transparency and keeps shareholders and the market informed about significant changes in the company's ownership structure.
Implications
The increased stake by the promoter group, particularly by a key executive like the Whole Time Director and CFO, could be seen as a vote of confidence in the company's future prospects. However, it's important to note that this interpretation is speculative, and investors should conduct their own analysis based on comprehensive financial and strategic information about the company.
Shareholders and potential investors may want to monitor any subsequent announcements or filings by the company for further insights into the rationale behind this increase in promoter holding and its potential impact on the company's governance and strategic direction.
Historical Stock Returns for Vibrant Global Capital
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.21% | +3.36% | +4.99% | -1.72% | -36.67% | +134.25% |
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