Rita Ashok Parekh has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
APCOTEXIND · price
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Rita Ashok Parekh, part of the promoter group of Apcotex Industries Limited, has acquired 62,280 equity shares (0.12% of the diluted share capital) from Mrs. Rita Ashok Parekh and Mrs. Janaki Parekh, who are also members of the promoter group. The transfer was made without any consideration under Regulation 10(1)(a)(i) of the SEBI Takeover Regulations, which exempts inter-se promoter transfers from the open offer requirement. Following the transfer, Rita Ashok Parekh's holding has increased from 2,52,970 shares (0.49%) to 3,15,250 shares (0.61%). The sellers' holdings have correspondingly gone to zero. This is a routine internal reshuffling within the promoter family and does not change the total promoter group shareholding in the company.
No material impact on the stock price or overall promoter shareholding is expected. This is a cosmetic restructuring among promoter family members and is generally viewed as neutral by the market.