Tag
Galaxy Technologies Private Limited
5 articles
Family restructuring within the Mehta group is reshaping ownership dynamics at Saurashtra Cement. The Mehta Family Trust has indirectly acquired a 14.57% stake in the cement manufacturer through Galaxy Technologies Private Limited, a transaction involving the transfer of a 49.99% stake in Galaxy Technologies. This internal reorganization, facilitated by a SEBI exemption order, consolidates control within the existing promoter family without altering the company’s share capital or public shareholding. Investors should note that while this transaction doesn't immediately signal a change in strategic direction, it underscores the ongoing evolution of ownership structures within Indian conglomerates.
Mehta Family Trust Acquires 14.57% Saurashtra Cement Stake
Saurashtra Cement discloses Mehta Family Trust's indirect acquisition of 14.57% equity shares pursuant to SEBI exemption order WTM/KCV/CFD/06/2026-27.
The transaction involves inter-se transfer of 1.6
Saurashtra Cement Mehta Trust Acquires 14.57% Stake
Mehta Family Trust indirectly acquired 14.57% equity shares and voting rights in Saurashtra Cement Limited.
The acquisition was executed as an inter-se transfer from Mr. Jay Mehta via Galaxy Technolog
Jay Mehta Transfers 14.57% Saurashtra Cement Stake
Jay Mahendra Mehta transferred 49.99% stake in Galaxy Technologies to Mehta Family Trust as part of internal family reorganization.
The transaction results in Mehta Family Trust indirectly acquiring 1
Mehta Family Trust Acquires 14.57% Indirect Saurashtra Cement Stake
Mehta Family Trust discloses indirect acquisition of 14.57% voting rights in Saurashtra Cement Ltd via Galaxy Technologies purchase.
Acquisition of 49.99% stake in Galaxy Technologies was completed on
Mehta Family Trust Acquires 14.57% Indirect Saurashtra Stake
Mehta Family Trust indirectly acquired 14.57% voting rights in Saurashtra Cement via Galaxy Technologies share purchase.
Acquisition of 49.99% stake in Galaxy Technologies was completed on September 2