Breaking News

Corporate Professionals managing to acquire 26% stake in Advik Capital for Rs 23.75 cr

New Delhi (India), May 20: Corporate Professionals Capital Private Limited is managing to acquire a significant stake in Advik Capital Limited (ACL), the company said in a regulatory filing on 18th May.

According to the company filing, Corporate professionals managed to buy 5,72,50,253 equity shares with a face value of Re 1 each at a price of Rs 4.15 apiece amounting to Rs 23,75,88,550.

The deal aggregates to 26 percent paid up equity share capital of the company. The Offer Price will be paid in cash, in accordance with the provisions of Regulation of the SEBI (SAST) Regulations.

The filing also clarified that the purchase has been made on behalf of Mr. Vikas Garg and Ms Seema Garg (termed as Acquirers); and Ms Sukriti Garg (person acting in concert or ‘PAC’).

Incorporated in year 1985, Advik Capital Limited is a non-banking finance company (NBFC) registered with the Reserve Bank of India (RBI).

Mr. Virender Kumar Agarwal and Mr. Shakul Kumar Agarwal, the current members of the promoter and promoter group of the Advik Capital to sell their shares constituting 7.89 percent stake in the company, which triggered the open offer.

On May 18, 2022, the Acquirers have entered into the special purchase agreement (SPA) with the sellers of the company to acquire 1,73,84,000 equity shares of the company representing 7.89 percent of the paid-up equity share capital at an agreed price of Rs 0.80 per equity share along with control over the company.

Average Rating

5 Star
100%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%

100 thoughts on “Corporate Professionals managing to acquire 26% stake in Advik Capital for Rs 23.75 cr

  1. Definitive journal of drugs and therapeutics. Some are medicines that help people when doctors prescribe.
    https://stromectolst.com/# can you buy stromectol over the counter
    Medscape Drugs & Diseases. Definitive journal of drugs and therapeutics.

  2. Long-Term Effects. Top 100 Searched Drugs.
    [url=https://stromectolst.com/#]ivermectin nz[/url]
    What side effects can this medication cause? drug information and news for professionals and consumers.

  3. Everything what you want to know about pills. Long-Term Effects.
    https://clomiphenes.com can i purchase cheap clomid without a prescription
    Some are medicines that help people when doctors prescribe. Drug information.

  4. Get here. Some trends of drugs.
    [url=https://finasteridest.com/]where to buy propecia no prescription[/url]
    Everything information about medication. п»їMedicament prescribing information.

  5. Prescription Drug Information, Interactions & Side. drug information and news for professionals and consumers.
    cost clomid price
    Prescription Drug Information, Interactions & Side. Top 100 Searched Drugs.

  6. Get warning information here. Everything information about medication.

    [url=https://prednisoned.top/]prednisone 5mg capsules[/url]

    [url=https://clomidc.fun/]get clomid no prescription[/url]

    https://propeciaf.store/ get cheap propecia pill
    Read information now. Actual trends of drug.

  7. Actual trends of drug. Best and news about drug.

    https://zithromaxa.fun/ where can i buy zithromax capsules
    Learn about the side effects, dosages, and interactions. Definitive journal of drugs and therapeutics.

  8. The assignment submission period was over and I was nervous, majorsite and I am very happy to see your post just in time and it was a great help. Thank you ! Leave your blog address below. Please visit me anytime.

Leave a Reply

Your email address will not be published.