Announced Wed, 24 Jun · 11:48 IST
Promoter Arun Kumar Saraf to acquire 11.72% stake via gift from Ratna Saraf
AHLEAST · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.6%1-day move
₹152.95
prior close
₹150.12
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.0-2.6-4.5-5.6-5.4-5.5-5.2-6.8-4.4——
Up moveDown movePending
AI summary
Promoter Arun Kumar Saraf will receive 20,26,520 shares (11.72%) of Asian Hotels (East) as a gift from fellow promoter Mrs. Ratna Saraf, on or before June 30, 2026. His holding rises from 0.08% to 11.80%, while hers drops from 23.44% to 11.72%. Total promoter group holding increases from 42.19% to 53.91%. The transfer is exempt from open offer under Regulation 10(1)(a) as an inter-se gift among immediate relatives.
Likely market impact
Internal promoter reshuffle by gift, no cash involved. Promoter group crosses 50% threshold but inter-se exemption applies, so no open offer triggered.