Tag
Mehta Family Trust
5 articles
Family restructuring within the Mehta group is consolidating ownership of Saurashtra Cement. The Mehta Family Trust has acquired a 14.57% indirect stake in the cement manufacturer through the purchase of a 49.99% stake in Galaxy Technologies, a vehicle through which the shares are held. This transaction, executed on September 22, 2026, and approved by SEBI, represents an internal transfer of assets between family members and does not alter the company’s share capital, promoter holdings, or overall control. Investors can view this as a streamlining of ownership rather than a change in strategic direction for Saurashtra Cement.
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