Gandhar Coal Mines Private Limited has increased its stake in Gandhar Oil Refinery (India) Limited through open market purchases, according to a regulatory disclosure filed on December 10, 2025. The transaction marks a continued investment interest by the company in the refinery space.
The acquisition was executed on December 8, 2025, involving the purchase of 20,000 equity shares at ₹122.95 per share, taking the total transaction value to ₹24.59 lakh. The purchase was made entirely through open market routes.
Following the transaction, Gandhar Coal Mines’ shareholding in Gandhar Oil Refinery has moved from 2,53,306 shares (0.26%) to 2,73,306 shares (0.28%), reflecting a marginal but notable increase in its minority holding.
Gandhar Oil Refinery’s capital structure remains unchanged. The company has a total equity share capital of ₹19,57,59,060, consisting of 9,78,79,530 fully paid shares with a face value of ₹2 each. The total diluted share capital also remains the same.
The filing has been made under Regulation 29(2) of SEBI’s SAST Regulations, 2011, and was signed by Saurabh Ramesh Parekh, Whole-Time Director of Gandhar Coal Mines Private Limited, from Mumbai. The disclosure confirms that the acquisition does not involve any persons acting in concert and represents a straightforward market purchase.
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