Waaree Energies Ltd raises stake in Sangam Renewables Ltd to 51.89%

Sangam Renewables Ltd's Promoter, Waaree Energies Limited has purchased 10800000 equity shares of the company through Preferential Offer in BSE. The shares were bought for a total amount of Rs. 199800000.

With this acquisition, the shareholding of Waaree Energies Limited has increased from 0 (0%) to 10800000 (51.89%). The shares were acquired during the period 4/8/2019 to 4/8/2019.

Promoter Entity	Shares Acquired / Sold	Date / Period	Holding - Pre Transaction	Holding - Post Transaction
Waaree Energies Limited	10800000	4/8/2019 to 4/8/2019	0 (0%)	10800000 (51.89%)

Shares of the company was last trading in BSE at Rs.18.2 as compared to the previous close of Rs. 18.4. The total number of shares traded during the day was 10210 in over 18 trades.

The stock hit an intraday high of Rs. 18.2 and intraday low of 17.5. The net turnover during the day was Rs. 182365.

Source : Equity Bulls

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