Sita Enterprises
170.95
+0.65(+0.38%)
Market Cap₹51.30 Cr
PE Ratio9.74
Company Performance:
1D+0.38%
1M+14.89%
6M-1.75%
1Y+9.20%
5Y+1,399.56%
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More news about Sita Enterprises
03Nov 25
Sita Enterprises Limited Undergoes Major Promoter Shift: New Promoter Acquires 71.76% Stake
Sita Enterprises Limited reports a significant change in its promoter shareholding. Mr. Jitendra Rasiklal Sanghvi has become the new promoter, acquiring a 71.76% stake through purchase of 21,00,000 shares from previous promoters and 52,933 shares via an open offer. Previous promoters now hold 5% of shares, to be reclassified as public shareholding. The company will file its updated shareholding pattern for the September quarter. A board meeting is scheduled for November 7 to review Q2 financial results.
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04Sept 25
Sita Enterprises Promoter Group Slashes Stake from 75% to 5% in Major Off-Market Deal
Sita Enterprises Limited's promoter group, led by Ashok Kumar Tulsyan, has reduced their stake from 75% to 5% through an off-market transaction of 21,00,000 shares. The sale, executed via a Share Purchase Agreement dated December 24, 2021, saw major sellers including Ashok Kumar Tulsyan, Ashok Tulsyan HUF, Saras Commerce LLP, and Bombay Mercantile & Leasing Company Limited significantly reduce or completely exit their positions. Despite this ownership shift, the company's equity share capital remains unchanged at Rs. 3 crore.
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18Aug 25
Jitendra Rasiklal Sanghavi Acquires 71.76% Stake in Sita Enterprises Through Open Offer
Jitendra Rasiklal Sanghavi completed an open offer for Sita Enterprises, acquiring a 71.76% stake. The acquisition included 21,00,000 shares through a Share Purchase Agreement and 52,933 shares tendered during the open offer at Rs. 92.50 per share. The offer targeted 7,50,000 shares but received a low response of 0.07 times. Post-acquisition, Sanghavi holds 71.76%, erstwhile promoters 5%, and public shareholders 23.24%. The company remains compliant with minimum public shareholding requirements at 28.24%. The stock price rose from Rs. 163.60 to Rs. 194.30 during the offer period.
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07Aug 25
Sita Enterprises Reports 76.8% Surge in Q1 Net Profit, Completes Open Offer
Sita Enterprises Limited, a non-deposit taking NBFC, reported a 76.8% year-over-year increase in net profit for Q1, reaching Rs 198.13 lakhs. Total income rose by 42.1% to Rs 213.76 lakhs. EPS improved to Rs 6.60 from Rs 3.74 in the previous year. The company completed an open offer following a share purchase agreement where Mr. Jitendra Rasiklal Sanghvi acquired 7% of the issued capital. Statutory auditors issued an unmodified opinion on the quarterly financial results.
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07Aug 25
Jitendra Rasiklal Sanghavi Launches Open Offer for 25% Stake in Sita Enterprises at Rs. 92.50 Per Share
Mr. Jitendra Rasiklal Sanghavi has initiated an open offer to acquire up to 7,50,000 equity shares (25%) of Sita Enterprises at Rs. 92.50 per share. The offer includes a 10% interest provision for delayed payments. Navigant Corporate Advisors Limited is managing the process. The post-offer advertisement was published in three newspapers and submitted to BSE Limited in compliance with SEBI regulations.
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Sita Enterprises
170.95
+0.65
(+0.38%)
1 Year Returns:+9.20%
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