GRM Overseas Shares in Focus as Promoter Acquires 4.5 Lakh Shares via Open Market Transaction
New Delhi [India], June 15: Shares of GRM Overseas Ltd are likely to remain in focus after the company’s promoter and Managing Director, Atu...
New Delhi [India], June 15: Shares of GRM Overseas Ltd are likely to remain in focus after the company’s promoter and Managing Director, Atul Garg, increased his stake in the rice exporter through an open market purchase.
According to a regulatory disclosure submitted to the stock exchanges, Atul Garg acquired 4,50,000 equity shares of GRM Overseas on June 12, 2026. The transaction was executed through the open market route and was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Following the acquisition, the combined shareholding of the acquirer along with persons acting in concert (PACs) increased from 62.76% to 62.98%, reflecting a rise of 0.22 percentage points in the company’s total voting capital. The promoter group’s holding increased from 13,00,52,726 shares to 13,05,02,726 shares.
