Skyline India Limited has announced the acquisition of 20,09,040 equity shares, representing 9.57% of the total voting capital, in Prime Industries Limited. This disclosure, made on September 12, 2026, under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, marks a significant increase in Skyline India’s holding in the target company. The acquisition was made through the Open Market.
Skyline India Increases Stake in Prime Industries
Skyline India Limited has formally disclosed its acquisition of a substantial stake in Prime Industries Limited. The disclosure, filed in accordance with Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirms the purchase of 20,09,040 equity shares. This transaction brings Skyline India’s total voting rights to 9.57% of Prime Industries Limited’s total share capital. The acquisition occurred on September 11, 2026, and was executed via the Open Market.
Details of the Acquisition
Prior to this acquisition, Skyline India Limited held no shares or voting rights in Prime Industries Limited. The recent transaction involved acquiring shares carrying voting rights, resulting in the 9.57% holding. The total equity share capital of Prime Industries Limited, both before and after the acquisition, is stated as Rs. 10,50,17,000, representing 2,10,03,400 equity shares of Rs. 5/- each. This move signifies a notable increase in Skyline India’s investment and influence within Prime Industries.
Source: BSE
