Shanti Gold Acquires 0.37% Stake in Ratnaveer Precision Engineering for ₹8.83 Crore
Shanti Gold International Limited acquired 2,65,000 equity shares in Ratnaveer Precision Engineering Limited for ₹8.83 crore. This represents a 0.37% stake. The acquisition was completed on September 26, 2026.
The investment amount of ₹8.83 crore is material for Shanti Gold, but the acquired stake of 0.37% in Ratnaveer Precision Engineering is relatively small, suggesting a medium-term impact.
The acquisition of a stake in another company, especially one with significant turnover and profits, is generally viewed as a positive strategic move for investment purposes.
Shanti Gold International Limited has acquired 2,65,000 equity shares of Ratnaveer Precision Engineering Limited, representing approximately 0.37% of the paid-up equity share capital. The investment was made through the secondary market at a weighted average price of ₹333.33 per share, for an aggregate consideration of ₹8.83 crore, inclusive of brokerage.
Ratnaveer Precision Engineering Limited, listed on BSE and NSE, is a manufacturer and exporter of stainless steel products catering to various industries including automotive, solar, pharmaceutical, railways, aerospace, and construction. As of March 31, 2026, Ratnaveer Precision Engineering Limited had an authorized capital of ₹85 crore and a paid-up capital of ₹67.99 crore. Its turnover for FY 2025-26 was ₹1,068.74 crore, with a Profit After Tax of ₹64.31 crore.
The acquisition was completed on September 26, 2026, in accordance with the settlement norms of the exchange. This investment is part of Shanti Gold International Limited's investment activities and does not fall within related party transactions.
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Shanti Gold International Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Shanti Gold International Limited. Read the original for the full detail.