Promoter Trust transfers 29.99% stake to family member via inter-se transfer
ASHIMASYN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.7 pts more than Nifty Microcap 250 and 1.2 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Navchintan Trust, a promoter of Ashima Limited, transferred 5,74,80,000 equity shares (29.99% of share capital) to Mrs. Shefali Chintan Parikh, a promoter group member, through an off-market inter-se transfer without consideration (distribution by Trust to beneficiary). The Trust's holding drops from 58.33% to 28.34%. Overall promoter and promoter group shareholding in the company remains unchanged at 58.33%. No change to total equity share capital of 19,16,60,078 shares.
Neutral for shareholders; internal promoter family reorganization with no change in total promoter holding or company fundamentals.