Brilliant Industries Pvt Ltd increases stake in TGV SRAAC Ltd

Brilliant Industries Pvt Ltd have acquired 48,32,427 Equity shares of M/s. TGV SRAAC Limited (formerly Sree Rayalaseema Alkalies and Allied Chemicals Limited) (CIN:L24110AP1981PLC003077) (Scrip Code No.507753) under preferential issue on 14/03/2019, upon conversion of 1st Tranche of Convertible Share Warrants into Equity in the ratio of 1:1.

The total holdings of the Company in M/s. TGV SRAAC Limited (formerly Sree Rayalaseema Alkalies and Allied Chemicals Limited) before above acquisition was 1,63,27,313 Equity Shares (17.78 %). After acquisition of above said 48,32,427 Equity shares, our aggregate holding has gone up to 2,11,59, 740 shares (21.89 %).

Shares of TGV Sraac Ltd was last trading in BSE at Rs.36.35 as compared to the previous close of Rs. 36.9. The total number of shares traded during the day was 45043 in over 166 trades.

The stock hit an intraday high of Rs. 37.2 and intraday low of 36.15. The net turnover during the day was Rs. 1649918.

Source : Equity Bulls

Keywords