Harshad Mehta's son in deal to buy 23% in BSE-listed company

A company announcement said it had entered into a deal to sell 1.4 mn shares to Mehta and Sanalkumar Kizhepata Menon

Aatur Harshad Mehta, the son of the late stockbroker Harshad Mehta, has bought a significant stake in Fair Deal Filaments, a BSE-listed textile company.

A company announcement said it had entered into a deal to sell 1.4 million shares to Mehta and Sanalkumar Kizhepata Menon. “The board of directors of the company has accorded its approval to the promoters of the company to enter into an agreement to be executed by the company, the promoters of the company with Aatur Harshad Mehta and Sanalkumar Kizhepata Menon for the purchase of 1.45 million equity shares each at a prevailing market value