Hinduja Power, Mauritius, and the promoters group have increased their stake in GOCL Corporation by 1.23% by acquiring shares from the open market. Post acquisition, the promoters holding increased to 69.87% from 68.64%.
The promoters had recently hiked their holding from about 65 per cent to close to 70 per cent by acquiring shares from the open market in BSE and NSE. Following the acquisition of the new shares last week, the promoters now have 4,95,72,490 equity shares of Rs. 2 each aggregating Rs. 9,91,44,980.
GOCL Corporation is the parent company of Gulf Oil Corporation, which was restructured to carve out a separate listed entity for lubricants.
