Genpharmasec Ltd. has disclosed a substantial acquisition of shares, increasing the total holding of acquirer Rajesh Mirchumal Sadhwani and Persons Acting in Concert (PAC) to 32.06%. The acquisition, conducted through open market purchases on August 31, 2026, and September 1, 2026, involved the purchase of 65,00,000 equity shares. This move signifies a notable increase in the acquirer’s control and voting rights within the company.
Acquisition Details Unveiled
Genpharmasec Ltd. has submitted a disclosure detailing the acquisition of shares by Rajesh Mirchumal Sadhwani, identified as the acquirer, and Sneha Sadhwani, a Person Acting in Concert (PAC). The transactions, conducted via open market purchases, took place on August 31, 2026, and September 1, 2026. These purchases have led to a significant increase in the combined shareholding of the acquirer and PAC.
Increased Shareholding and Voting Rights
Prior to this acquisition, Rajesh Mirchumal Sadhwani and Sneha Sadhwani held a combined stake of 30.88%. Following the recent purchase of 65,00,000 equity shares, their total holding has risen to 17,75,01,000 shares, representing 32.06% of the total voting capital. Specifically, Rajesh Mirchumal Sadhwani’s individual holding of shares carrying voting rights increased by 1.17% to 15.26%.
Impact on Voting Power
The acquisition significantly boosts the voting power of the acquirer and PAC. After the acquisition, their combined voting rights stand at 32.06%, up from 30.88% previously. The total equity share capital of Genpharmasec Ltd. before and after the acquisition remains unchanged at ₹55,37,19,700, divided into 55,37,19,700 equity shares of Re. 1/- each.
Source: BSE
