Quantitative Details
Pine View Portfolio Consultants Private Limited sold 300,000 shares of Afloat Enterprises Limited (formerly Adishakti Loha and Ispat Limited) through open market transactions:
- 200,000 shares sold on June 15, 2026
- 100,000 shares sold on June 16, 2026
Shareholding Changes:
- Pre-sale holding: 2,000,000 shares (15.93% of total voting capital)
- Post-sale holding: 1,700,000 shares (13.55% of total voting capital)
- Reduction in stake: 2.38 percentage points
Company Capital Structure:
- Total equity shares: 12,558,000 shares of ₹10 each
- Total equity capital: ₹12,55,80,000 (₹12.56 crore)
- Capital structure remained unchanged after the transaction
Dates of Action
- Share sale dates: June 15, 2026 and June 16, 2026
- Disclosure date by Pine View: June 16, 2026
- Company filing date with BSE: June 17, 2026
Parties Involved
Seller: Pine View Portfolio Consultants Private Limited (represented by Director Bhaskar)
Target Company: Afloat Enterprises Limited (formerly Adishakti Loha and Ispat Limited)
Regulatory Authority: BSE Limited (where shares are listed)
Capital Structure Impact
The transaction represents a change in ownership structure but does not affect the company's total share capital or voting capital, which remains at 12,558,000 equity shares of ₹10 each.
Additional Information
- Pine View Portfolio Consultants does not belong to the Promoter/Promoter group
- No shares were under encumbrance (pledge/lien/non-disposal undertaking)
- No warrants, convertible securities, or other instruments entitling to voting rights were involved
- The sale was executed through open market transactions