Ackruti City Ltd has submitted the disclosure under Regulation 8A of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 to BSE
Date of Reporting : May 17, 2010
Name of the Company : Ackruti City Ltd
Total no of outstanding shares of the Company : 7,27,35,871
1. Name of the Entity : Khilen V Shah / Vyomesh M Shah
Details of Transaction
Date of Transaction : May 12, 2010
Number of Shares Pledged : *27,20,000
Aggregate details after the transaction
Total no of shares held by the entity in the Company : 36,00,000
Total No of shares pledged : * 27,20,000
% of total shares pledged to total no of shares held by the entity in the Company : 75.555%
% of shares pledged to total no of outstanding shares of the Company : 3.739%
2. Name of the Entity : Rushank V Shah / Vyomesh M Shah
Details of Transaction
Date of Transaction : May 12, 2010
Number of Shares pledged : *36,00,000
Aggregate details after the transaction
Total no of shares held by the entity in the Company : 36,00,000
Total No of shares pledged : *36,00,000
% of total shares pledged to total no of shares held by the entity in the Company : 100.00%
% of shares pledged to total no of outstanding shares of the Company : 4.949%
Note : * - The shares have been pledged as primary / secondary security for the project funding / loans availed by Ackruti City Ltd.