Anita group lifts Swasthik Plascon stake to 48.58%
What's the deal? Anita and Dharmendra Kumar P have increased their holding in Swasthik Plascon Limited to 48.58% of the company's share capital, buying equity shares from the open market. The transaction, disclosed via the BSEDealroom has a profile for this one. Try Dealroom →, lifted the group's total holding from 9,458,077 shares to 9,610,077 shares.
The breakdown: Anita bought 97,600 equity shares and Dharmendra Kumar P bought 54,400, taking their combined voting-rights shares to 1,520,400, or 7.81%. Persons acting in concert continue to hold 7,929,277 shares, or 40.73%.
Why it matters? The purchase pushes the acquirer group close to the 50% threshold, a level that typically signals tightening control over a listed company.
What stays the same? Swasthik Plascon's total equity share capital is unchanged at 19,467,995 shares, each with a face value of US$0.14.
The signal: Steady open-market buying near a majority stake often precedes a firmer grip on strategy and board decisions — a pattern worth watching as the group's holding creeps toward the halfway mark.
Image credit: Kitmondo.com
