Multibagger FMCG stock in focus as Promoter Buys 1 Lakh Shares via Open Market, Stake Rises to 62.48%

On Friday, shares of GRM Overseas Ltd fell 3.24 per cent to Rs 157.6 per share from its previous closing of Rs 162.88 per share. The stock’s 52-week high is Rs 185.45 per share and its 52-week low is Rs 75.74 per share. The stock also surged about 1.87 per cent to its Intraday high of Rs 161.7 per share during the trading session.

Mr. Atul Garg, the Promoter and Managing Director of GRM Overseas Ltd, has further consolidated his stake in the company through an open market acquisition.

According to a regulatory filing made under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, Mr. Garg purchased 1,00,000 equity shares of the company on March 5, 2026. These shares have a face value of Rs 2 each. The acquisition was carried out through the open market and represents 0.05 per cent of the company’s total equity share capital.

Before the transaction, Mr. Garg along with the Promoter Group and Persons Acting in Concert (PACs) held 12,93,65,952 shares in the company, representing a 62.43 per cent stake. Following the purchase of 1,00,000 shares, the collective promoter holding has increased to 12,94,65,952 shares, which now accounts for 62.48 per cent of the company’s total equity share capital.

The promoter group and PACs associated with this holding include Mr. Atul Garg, Mrs. Mamta Garg, Mr. Hukam Chand Garg, and Mr. Nipun Jain, who serves as a Director in the company.

GRM Overseas Ltd is listed on both the Bombay Stock Exchange (BSE: 531449) and the National Stock Exchange of India (NSE: GRMOVER). As per the latest disclosure, the company’s total equity share capital stands at Rs 41,44,20,000, divided into 20,72,10,000 equity shares.

The company has a market cap of over Rs 2,900 crore. The stock price has surged over 89.63 per cent in last 1 year.

Disclaimer: The article is for informational purposes only and not investment advice.