Victory Software Acquires 9.68% Stake in Alstone Textiles Through Off-Market Transfer

Alstone Textiles (India) Ltd. has experienced a significant change in its ownership structure as Victory Software Pvt. Ltd. substantially increased its stake through an off-market inter-se transfer. This development was disclosed in accordance with SEBI regulations for substantial acquisition of shares.

Key Details of the Transaction

Aspect	Details
Acquirer	Victory Software Pvt. Ltd.
Target Company	Alstone Textiles (India) Ltd.
Number of Shares Acquired	1,234,600
Share Price	Rs. 10.00 each
Pre-Transaction Shareholding	1.99%
Post-Transaction Shareholding	11.67%
Increase in Shareholding	9.68%

Impact on Ownership Structure

The off-market transaction has resulted in a substantial change in the ownership structure of Alstone Textiles. Victory Software's shareholding has increased by 9.68 percentage points, from a minor stake of 1.99% to a significant 11.67% ownership in the textile company.

Company Profile

Alstone Textiles has a total share capital of Rs. 12.74 crores, consisting of 1.27 crore equity shares. Each share is valued at Rs. 10.00.

Regulatory Compliance

It's important to note that Victory Software is not part of the promoter group of Alstone Textiles. The disclosure of this substantial acquisition was made in compliance with SEBI regulations, ensuring transparency in the stock market for significant share transfers.

This off-market transaction highlights the dynamic nature of ownership in Indian companies and underscores the importance of monitoring substantial share acquisitions in the capital market.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-9.76%	-17.78%	-47.14%	-26.00%	-53.16%	+131.25%

Alstone Textiles (India) Ltd has reported that Victory Software Private Limited has increased its shareholding in the company through an off-market transaction, as disclosed in a recent regulatory filing. The inter-se transfer of equity shares has resulted in a notable change in Victory Software's ownership position in the target company.

Transaction Details

Aspect	Details
Acquirer	Victory Software Private Limited
Target Company	Alstone Textiles (India) Ltd
Transaction Type	Off-market (Inter-se transfer)
Date of Transaction	July 19, 2022
Shares Acquired	254,000
Price per Share	Not disclosed

Shareholding Impact

Metric	Before Transaction	After Transaction
Shares Held	1,848,600	2,102,600
Ownership Percentage	14.49%	16.48%

The acquisition has increased Victory Software's stake in Alstone Textiles by approximately 2 percentage points, bringing their total shareholding to 16.48% of the company's equity.

Regulatory Compliance

The disclosure of this transaction was made in compliance with SEBI (Securities and Exchange Board of India) regulations concerning substantial acquisition of shares. It's important to note that Victory Software is not part of the promoter group of Alstone Textiles.

This transaction represents a significant change in the ownership structure of Alstone Textiles, potentially influencing the company's future direction and decision-making processes. Shareholders and market observers may want to monitor any subsequent developments or changes in the company's strategy following this increase in Victory Software's stake.