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 19, 2010
Name of the Company : Ackruti City Ltd
Total no of outstanding shares of the Company : 7,27,35,871
Name of the Entity : Hemant M Shah, Karta- Hemant M Shah HUF
Details of Transaction
Date of Transaction : May 17, 2010
Number of Shares Pledged : *12,00,000
Aggregate details after the transaction
Total no of shares held by the entity in the Company : 68,92,000
Total No of shares pledged : * 58,25,000
% of total shares pledged to total no of shares held by the entity in the Company : 84.518%
% of shares pledged to total no of outstanding shares of the Company : 8.008%
Note : * - The shares have been pledged as primary / secondary security for the project funding / loans availed by Ackruti City Ltd.