GNFC Acquires Gujarat Alkalies Shares Valued at Rs 22.82 Crore
Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) acquired 4,60,340 equity shares of Gujarat Alkalies and Chemicals Limited for ₹22.82 crore on March 20, 2026. Disclosed to the NSE under SEBI regulations, GNFC, a promoter, committed to holding these shares for a minimum of six months. Early sale would require Compliance Officer approval, and transaction documents will be preserved for three years as per regulatory guidelines.
Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) has successfully acquired 4,60,340 equity shares of Gujarat Alkalies and Chemicals Limited. This significant transaction was valued at ₹22,82,88,373.79, equivalent to approximately Rs 22.82 crore, and was completed on March 20, 2026. The acquisition details were formally disclosed in a filing submitted to the National Stock Exchange of India (NSE). This disclosure adhered to the requirements set forth in Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, confirming the transaction's compliance with regulatory standards. The total acquisition cost included all associated charges.As a promoter of Gujarat Alkalies and Chemicals Limited, GNFC has undertaken a commitment to retain possession of these newly acquired shares for a minimum period of six months. In the event of an urgent necessity to sell these shares prior to the completion of the stipulated six-month holding period, GNFC is required to obtain the necessary approval from its Compliance Officer. Furthermore, regulatory mandates dictate that GNFC must meticulously preserve all relevant documentation pertaining to this transaction, including the broker’s contract note, comprehensive proof of payment, and detailed bank statements. These documents are to be maintained for a period of three years and must be made available to either the Compliance Officer or SEBI upon request, ensuring full transparency and accountability.
