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Premier Explosives Limited ( (IN:PREMEXPLN) ) has shared an announcement.
Amarnath Gupta, a promoter of Premier Explosives Limited, has announced the acquisition of 32,83,485 equity shares of the company through an off-market inter-se transfer. This acquisition, which accounts for 6.11% of the company’s share capital, is a result of the partition of Amarnath Gupta HUF. The transaction involves no monetary consideration and is exempt from making an open offer under the SEBI Takeover Regulations. This move consolidates Gupta’s stake in the company, potentially impacting its governance and strategic direction.
More about Premier Explosives Limited
Premier Explosives Limited operates in the explosives industry, focusing on the production and supply of explosives and related services. The company is involved in the defense and mining sectors, providing products such as detonators, detonating cords, and other explosive devices, catering to both domestic and international markets.
Average Trading Volume: 83,003
Technical Sentiment Signal: Buy
Current Market Cap: 30.48B INR
For a thorough assessment of PREMEXPLN stock, go to TipRanks’ Stock Analysis page.