The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Deepak Jatia
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On the reaction day the stock moved 2.5 pts more than Nifty Microcap 250 and 3.6 pts more than its Industrial Minerals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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ASI Industries has informed the exchange about an inter-se transfer of 2,75,02,779 equity shares (30.53% of paid-up capital) from Deepak Jatia (HUF) to its four members, following the dissolution and partition of the HUF. Deepak Jatia received the bulk — 2,74,99,779 shares — while Tushya Jatia, Anita Jatia and Prerna Agarwal received 1,000 shares each. No money changed hands as it was a family partition and inheritance exercise, and the transfer qualifies for an exemption from the open offer requirement under Regulation 10(1)(a)(i) of SEBI's Takeover Rules. As a result, the aggregate promoter and promoter group holding remains unchanged at 45.53% (4,10,10,742 shares), though Deepak Jatia's personal stake rises from 4.45% to 34.98%.
This is an internal family restructuring for succession planning and not a real change in promoter ownership, so there is no material impact on the stock price or minority shareholders. It does, however, consolidate voting power more visibly in Deepak Jatia individually.