Param Capital Acquires 6.73% Stake in Zelio E-Mobility
Param Capital, through partner Mukul Mahavir Agrawal, has acquired a 6.73% stake in Zelio E-Mobility Ltd. The acquisition involves 14,24,000 shares, obtained through IPO allotment and open market purchases. This marks a significant change in Zelio E-Mobility's ownership structure, with Param Capital's holding increasing from 0% to 6.73%. The company has a total equity share capital of 2,11,50,000 shares with a face value of Rs. 10 each. Param Capital has made the necessary regulatory disclosures under SEBI regulations. The acquirers are not part of Zelio E-Mobility's promoter or promoter group.
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Zelio E-Mobility has seen a significant change in its ownership structure as Param Capital, through its partner Mukul Mahavir Agrawal, acquired a substantial stake in the company. This acquisition marks a notable development for those interested in emerging companies in the mobility sector.
Acquisition Details
The key details of the acquisition are as follows:
| Aspect | Details |
|---|---|
| Acquirer | Param Capital (through partner Mukul Mahavir Agrawal) |
| Target Company | Zelio E-Mobility Ltd. |
| Shares Acquired | 14,24,000 |
| Stake Percentage | 6.73% |
| Acquisition Mode | IPO Allotment & Open Market Purchase |
| Previous Holding | 0 shares (0%) |
| Post-Acquisition Holding | 14,24,000 shares (6.73%) |
Company Overview
Zelio E-Mobility has a total equity share capital of 2,11,50,000 shares, each with a face value of Rs. 10. The company's total share capital amounts to Rs. 21,15,00,000.
Regulatory Compliance
In compliance with regulatory requirements, Param Capital has made the necessary disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.
Acquirer Status
It is worth noting that Param Capital and Mukul Mahavir Agrawal do not belong to the promoter or promoter group of Zelio E-Mobility. This acquisition represents a purely investment-driven move by an external entity.
This development in Zelio E-Mobility's ownership structure may be of interest to market watchers and investors, particularly those following trends in the mobility sector and tracking significant stake acquisitions in listed companies.
Historical Stock Returns for Zelio E-Mobility
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.98% | +27.57% | +40.59% | +40.59% | +40.59% | +40.59% |
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