Zelio E-Mobility , through its partner Mukul Mahavir Agrawal, has made a significant move in the electric mobility sector by acquiring a substantial stake in Zelio E-Mobility Ltd. The investment firm has purchased 14,24,000 shares, representing a 6.73% stake in the company.

Acquisition Details

Company Overview

Zelio E-Mobility Ltd., an emerging player in the electric mobility space, has its shares listed on the BSE Ltd. The company's equity structure consists of 2,11,50,000 shares with a face value of Rs. 10.00 each, amounting to a total equity share capital of Rs. 21,15,00,000.00.

Regulatory Compliance

In compliance with regulatory requirements, Param Capital has filed the necessary disclosures under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The disclosure provides detailed information about the acquisition, including the mode of acquisition, shareholding patterns before and after the transaction, and confirmation that the acquirer does not belong to the promoter or promoter group.

This strategic investment by Param Capital in Zelio E-Mobility Ltd. may be seen as a vote of confidence in the electric mobility sector, which continues to attract attention from investors looking to capitalize on the growing trend towards sustainable transportation solutions.

As the electric vehicle market in India continues to evolve, such investments could play a crucial role in shaping the industry's future and driving innovation in the sector.

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:

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.