Tag
Ownership Change
17 articles
Corporate ownership shifts are reshaping the Indian business landscape, driven by both strategic acquisitions and inter-promoter transfers. Several companies are witnessing changes in their promoter groups, including Kesoram Industries, where Frontier Warehousing has become the new promoter, and Parmax Pharma, which is transitioning to new promoters, Dhiren Shah and Sunil Shah. Additionally, multiple entities are undergoing reclassifications to public categories following takeover completions, while others are experiencing shifts due to gift transfers and open market sales. These developments highlight a dynamic environment of control changes, potentially impacting corporate governance and strategic direction, and warrant close investor monitoring of the evolving ownership structures.
Kronox Lab Sciences Promoter Exit, Complete Board Overhaul
Kronox Lab Sciences promoters sold a 64.26% controlling stake to Indo Borax & Chemicals, completed on September 29, 2026.
The entire board and key management resigned, replaced by six new directors an
Tikona Communication Promoters Exit Post Sar Televenture Acquisition
Sar Televenture Limited acquired 70.17% stake in Tikona Communication via share purchase and open offer completed on 28 September 2026.
Former promoters Gaurav Goyal (56.13%) and Rakesh Kumar Bansal (
Bliss GVS Promoters Reclassified to Public Category
Board approved reclassification of 27 promoter group entities to public category post takeover completion.
Anupam Rasayan India Limited acquired control via share purchase agreement and open offer.
To
Essix Biosciences Acquires 70 Lakh Ind-Swift Warrants
Essix Biosciences Ltd acquired 70 lakh convertible warrants in Ind-Swift Laboratories Ltd on a preferential basis on September 17, 2026.
The acquisition increases the promoter & promoter group's total
Murli Dialani Acquires 13,935 MK Exim Shares
• Murli Wadhumal Dialani disclosed acquisition of 13,935 equity shares in MK Exim (India) Ltd via open market purchase on September 18, 2026.
• The acquisition increases his individual holding to 11.0
La Opala Promoter Genesis Exports Acquires 200,000 Shares
Promoter Genesis Exports acquired 200,000 equity shares of La Opala RG Ltd on Sept 15-16, 2026 via open market.
The acquisition increases the promoter group's total voting rights holding from 66.28% t
Kesoram Industries Control Shift to Frontier Warehousing
Frontier Warehousing completed acquisition of 42.80% stake in Kesoram Industries, becoming the new promoter on September 12, 2026.
Board approved resignation of three directors and appointment of five
Covance Softsol Promoter Group 20.88% Gift Transfer
Covance Softsol intimated BSE of a 46.24 lakh share gift transfer between promoter group members Sambasiva Rao Madala and Durga V L K Madala.
The transaction, executed on August 28, 2026, increased Sa
Parmax Pharma New Promoters Acquire 30.80% Stake
Parmax Pharma intimates BSE of proposed promoter reclassification following an open offer and share purchase agreement.
Acquirers Dhiren Shah and Sunil Shah, along with 10 PACs, acquired 11,52,450 sha
Saripalli Karunakar Acquires 20.36% Samkrg Pistons via Transmission
Saripalli Karunakar, Promoter & MD, acquired 20 lakh shares (20.36% stake) in Samkrg Pistons via transmission from his deceased father on August 17, 2026.
His total holding increased from 5.98% (586,9
Mihir Shah Acquires 3.77 Lakh Parnax Lab Shares via Gift
Mihir Shah, a promoter of Parnax Lab, acquired 377,355 equity shares from fellow promoter Baiju Shah via inter-se gift transfer on July 21, 2026.
The transaction falls under SEBI Takeover Regulations
Aarcon Facilities Promoter HUF Sells 138300 Shares
Bharat Ramchandra Gupta (HUF), a promoter of Aarcon Facilities, sold 138,300 equity shares via off-market transaction on August 4, 2026.
The sale reduced the promoter HUF's holding from 744,300 shares
RB International Holdings Open Offer for RR MetalMakers
RB International Holdings, Suyog Desai, and Nikita Desai launch mandatory open offer for 26% of RR MetalMakers at ₹23.85/share.
Offer triggered by acquisition of 70.66% stake from promoters Virat Shah
Mitshi India Promoters Sell 15.57% Stake to Karronn Bajaj
Karronn Naresh Bajaj entered Share Purchase Agreement on July 23, 2026 to acquire 13,70,070 shares (15.57% stake) from Mitshi India promoters for ₹2.05 crore.
Acquisition triggers mandatory open offer
Bohra Industries Promoter Andal Bonumalla Reclassification
Bohra Industries discloses delayed regulatory filing for promoter reclassification from promoter to public category.
Reclassification follows completed open offer by Mark AB Capital Private Limited on
Promoter Sweety Jain Sells 10,000 Shares
Promoter & Director Mrs. Sweety Rahul Jain sold 10,000 equity shares of Getalong Enterprise Limited via open market on BSE.
The sale, executed at ₹7.45 per share, reduced her holding from 4.79% to 4.7
Kkalpana Plastick Promoters Sell 72.58% Stake Triggering Open Offer
Promoters Bbigplas Poly and Sarla Surana entered SPA to sell 72.58% stake to Ashish Begwani on July 7, 2026.
Transaction triggers mandatory open offer for 26% of shares at ₹28 per share under SEBI SAS