STEL Holdings Limited has increased its equity shareholding in PCBL Chemical Limited. The company acquired an additional 1,200,000 equity shares through the exercise of warrants. Following this acquisition, STEL Holdings’ total equity shareholding in PCBL Chemical Limited now stands at 41,03,830 shares, representing 1.043% of the total share/voting capital.
Shareholding Update
STEL Holdings Limited (STEL) has increased its stake in PCBL Chemical Limited, now holding 41,03,830 equity shares. This represents 1.043% of the target company’s total share/voting capital.
Details of Acquisition
The increase in shareholding is a result of STEL acquiring 1,200,000 additional equity shares. These shares were obtained through the exercise of warrants issued via preferential issue.
Impact on Share Capital
Prior to this acquisition, STEL held 29,03,830 equity shares, representing 0.77% of PCBL Chemical Limited’s share capital.
Following the acquisition, the equity share capital of PCBL Chemical Limited is INR 39,34,62,604 divided into 39,34,62,604 equity shares with a face value of INR 1 each. Before the acquisition, it was INR 37,74,62,604 divided into 377462604 equity shares with a face value of INR 1 each.
Source: BSE