Virtuous Tradecorp Pvt Ltd increases stake in Shalimar Paints Ltd to 24.9% through rights issue

SHALIMAR PAINTS LTD.'s Promoter Group, VIRTUOUS TRADECORP PRIVATE LIMITED has purchased 13353462 equity shares of the company through Allotment in Rights Issue. The shares were bought for a total amount of Rs. 861298299.

With this acquisition, the shareholding of VIRTUOUS TRADECORP PRIVATE LIMITED has increased from 1000 (0%) to 13354462 (24.9%). The shares were acquired during the period 1/8/2019 to 1/8/2019.

Promoter Entity	Shares Acquired / Sold	Date / Period	Holding - Pre Transaction	Holding - Post Transaction
VIRTUOUS TRADECORP PRIVATE LIMITED	13353462	1/8/2019 to 1/8/2019	1000 (0%)	13354462 (24.9%)

Shares of the company was last trading in BSE at Rs.64.8 as compared to the previous close of Rs. 66.5. The total number of shares traded during the day was 40481 in over 247 trades.

The stock hit an intraday high of Rs. 66.95 and intraday low of 64.75. The net turnover during the day was Rs. 2643050.

Source : Equity Bulls

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