STEL Holdings Limited Acquires 35,970 Equity Shares in Zensar Technologies for Rs. 2.00 Crores

STEL Holdings Limited has announced the acquisition of 35,970 equity shares in Zensar Technologies Limited through a market purchase transaction completed on March 05, 2026. The company disclosed this acquisition under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Transaction Details The acquisition involved purchasing fully paid equity shares with a face value of Re. 2/- each at approximately Rs. 554.11 per share, excluding brokerage and other applicable taxes and charges. The total cost of acquisition amounts to approximately Rs. 2.00 crores. Transaction Parameter: Details Number of Shares Acquired: 35,970 equity shares Price per Share: Rs. 554.11 (approx.) Total Investment: Rs. 2.00 crores (approx.) Shareholding Increase: 0.016% Transaction Date: March 05, 2026 Settlement Confirmation: March 06, 2026 About Zensar Technologies Zensar Technologies Limited is a leading technology consulting and services company guided by an 'experience-led everything' philosophy. Headquartered in Pune, India, the company operates with a diverse team of over 10,000 professionals across 30+ global locations, serving 145+ leading enterprises. The company's consolidated revenue performance shows consistent growth: Financial Year: Revenue (Rs. Crores) FY 2022-23: 4,848.20 FY 2023-24: 4,901.90 FY 2024-25: 5,280.60 Business Operations and Services Zensar Technologies operates in the Computers - Software & Consulting industry, offering comprehensive technology solutions. The company's service portfolio includes: Cloud Infrastructure and Security Data Engineering and Analytics Artificial Intelligence solutions Enterprise Applications (CRM and ERP) IT managed services and application management Incorporated on March 29, 1963, Zensar has established a global presence and maintains its commitment to delivering value, championing sustainability, and putting people first in its operations. Strategic Context STEL Holdings Limited, an unregistered Core Investment Company and member of the promoter group of Zensar Technologies Limited, made this acquisition in the ordinary course of its business. The company was already an existing shareholder holding 0.05% of shares in Zensar Technologies prior to this transaction. The acquisition was executed as a market purchase through trades at stock exchanges at prevailing market prices, and does not constitute a related party transaction. No governmental or regulatory approvals were required for completing this acquisition, as confirmed in the regulatory disclosure. STEL Holdings Limited has announced the acquisition of 14,880 fully paid-up equity shares of CEAT Limited, valued at approximately ₹5 crores. The transaction was executed through market purchase on the stock exchanges at prevailing market prices, with the company receiving contract note confirmation on March 6, 2026. Transaction Details The acquisition represents a strategic investment by STEL Holdings in CEAT Limited, a leading tyre manufacturing company. The shares were purchased at approximately ₹3,351.05 per share, excluding brokerage and other applicable taxes and charges. Parameter: Details Shares Acquired: 14,880 equity shares Face Value: ₹10 per share Purchase Price: ₹3,351.05 per share Total Investment: ₹5 crores (approximately) Shareholding Increase: 0.037% Transaction Date: March 5, 2026 Company Relationship and Business Rationale STEL Holdings Limited operates as an unregistered Core Investment Company and is a member of the promoter group of CEAT Limited. The company was already an existing shareholder, holding 3.71% of CEAT's shares prior to this acquisition. This transaction was conducted in the ordinary course of business and does not constitute a related party transaction since it was executed through market purchases at stock exchanges. About CEAT Limited CEAT Limited stands as one of India's leading tyre brands with a robust international presence spanning over 110 countries. Headquartered in Mumbai, the company serves as a flagship entity of the RPG Group, incorporated on March 10, 1958. Financial Performance CEAT Limited has demonstrated consistent growth in its consolidated revenue from operations over the past three years: Financial Year: Revenue (₹ Crores) FY 2022-23: 11,314.88 FY 2023-24: 11,943.48 FY 2024-25: 13,217.87 Business Operations CEAT Limited provides world-class products across multiple automotive segments: Passenger and Utility Vehicles Two and Three-wheelers Commercial Vehicles Off-Highway Vehicles Automotive Tyres, Tracks, Tubes and Flaps Regulatory Compliance The acquisition disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. No governmental or regulatory approvals were required for this market-based acquisition. The transaction was completed through cash consideration, with all necessary documentation and compliance requirements fulfilled as per SEBI guidelines. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. 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