Sar Televenture to Acquire 70.17% Stake in Grand Foundry for ₹3.2 Cr
Sar Televenture Limited will acquire 70.17% of Grand Foundry Limited from promoters for ₹3.20 crore. The deal, priced at ₹1.50 per share, involves the transfer of management control. Regulatory approvals and an open offer are pending.
The acquisition of a majority stake (70.17%) and control of Grand Foundry Limited by Sar Televenture Limited represents a fundamental change in the company's ownership and management, thus having a high impact.
The acquisition by Sar Televenture Limited signifies potential for growth and new management, which is generally viewed positively by the market. The clear transaction value and stake percentage provide concrete details.
Grand Foundry Limited has announced a significant change in its control, with the signing of a Share Purchase Agreement (SPA) on March 3, 2026. Sar Televenture Limited has agreed to acquire up to 2,13,51,740 equity shares, representing 70.17% of the company's paid-up share capital, from the Specified Promoters, Mr. Gaurav Goyal and Mr. Rakesh Kumar Bansal.
The transaction consideration is set at ₹1.50 per share, aggregating to a total of ₹3,20,27,610 (Rupees Three Crores Twenty Lakhs Twenty Seven Thousand Six Hundred and Ten Only). This acquisition includes the transfer of all related rights, obligations, and complete management control of the company.
The SPA is subject to the fulfillment of certain conditions precedents, including receipt of regulatory approvals and the completion of an open offer in accordance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Following the transaction, the existing promoters will cease to be in control of the company, and their declassification will be initiated. The composition of the Board of Directors and Key Managerial Personnel is also expected to change.
What to do with a filing like this
Grand Foundry Limited filed this with the NSE as a statutory disclosure, categorised under substantial acquisition of shares and takeovers. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Grand Foundry Limited. Read the original for the full detail.