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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mrs. Ameeta Ranade, a member of the promoter and promoter group, has acquired 854,635 equity shares of Advance Metering Technology Ltd through transmission (inheritance) following the demise of Late Mr. Pranav Kumar Ranade, who was the company's Promoter, Chairman and Executive Director. As a result, her individual holding in the company increased from 10,91,757 shares (6.80%) to 19,46,392 shares (12.12%). The filing explicitly states the acquisition occurred by operation of law through transmission and not by way of market purchase, off-market transfer, or any negotiated transaction. The equity share capital of the company remained unchanged at 19,46,392 shares both before and after this event.
This is a family-level transmission of shares within the promoter group, so there is no change in the overall promoter holding of the company and no fresh equity is being introduced. Shareholders should note the change in the individual promoter holding, but the stock price is unlikely to be materially affected as no market transaction took place.