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Incorporated on 19th February 1982, Ashapura Minechem Ltd. is engaged in the mining, manufacturing and trading of various minerals and its derivative products. The company offers multi-mineral solutions across several industries from soaps to steel, energy to edible oils, metal to medicine and cement to ceramics. The company has its network of operations pan-India and in 7 other countries.
Ashapura Minechem promoter, Chetan Navnitlal Shah, bought 25,000 shares in the company through the open market. This acquisition increases their stake from 6.96% to 6.99% of the total voting capital. This marks a direct stake increase by a promoter.
Eriska Investment Fund Ltd, an institutional investor, has acquired an additional 270,000 shares of Ashapura Minechem Ltd through open market purchase, valued at approximately ₹19.76 Cr. This acquisition increases their stake in Ashapura Minechem from 4.92% to 5.21% of the total share capital.
Ashapura Minechem promoter Chetan Navnitlal Shah completed an open market acquisition of 80,000 equity shares. Following this transaction, his overall stake in the company increased from 6.85% to 6.94% of the total share capital. This move alters the promoter's holding percentages.
Ashapura Minechem's Promoter, Chetan Navnitlal Shah, has acquired 85,000 equity shares through the open market. This transaction increased the promoter's total shareholding in the company from 14.37% to 14.45%. This move reflects a minor increase in promoter's stake.
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