Ashapura Industrial Finance boosts stake in Ashapura Minechem

Ashapura Industrial Finance Limited (AIFL) has acquired 40,000 equity shares in Ashapura Minechem Limited (AML) through open market transactions on December 22, 2025. This move was made in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Before this transaction, AIFL held 16,955,819 shares in AML, representing 17.75% of the total voting capital. The recent acquisition of 40,000 shares, which constitutes an additional 0.04% of AML's voting capital, brings AIFL’s total holding to 16,995,819 shares, increasing its stake to 17.79%.

Ashapura Minechem Limited's total equity share capital remains at 95,526,098 Equity Shares of Rs. 2/- each, both before and after the acquisition. The shares of Ashapura Minechem are listed on both BSE Limited and the National Stock Exchange of India Limited.