Aarvee Denims and Exports two promoters increase stake in the company; Stock trades flat

Promoter Renu Arora increases shareholding to 1.74% while Nipun Arora enhances stake to 1.43% in the company.

Jul 08, 2021 09:07 IST India Infoline News Service

Aarvee Denims and Exports Ltd. informed the exchanges Wednesday about Substantial Acquisition of Shares and Takeovers by Renu Arora.

Being part of the promoter Group Renu Arora increased the stake to 1.74% (408155 equity shares). Renu acquired 348849 equity shares (Inter-se Transfer), 1.49% in Part A to increase shareholding to 372155 equity shares, 1.59%.

She acquired 36000 equity shares (Inter-se Transfer), 0.15% in part B to increase shareholding to 408155, 1.74%.

Total diluted share capital of Aarvee Denims and Exports after the said acquisition remains 23459800 equity shares of Rs10 each.

Another promoter Nipun Arora has acquired 192424 shares, 0.82% to increase shareholding to 334899 equity shares, 1.43% through Inter-se Gift Transfer through Off-market on July 1, 2021.

During early trade on Thursday, Aarvee Denims & Exports Ltd was trading at Rs22.35 per piece up by Rs0.15 or 0.68% from its previous closing of Rs22.20 per piece on the BSE. It opened at Rs22.45 per piece which remains its day's high so far.

Related Story

Open Free Demat Account (Rs699)