Promoter Sandeep Gupta gets 9.51 lakh shares as gift from mother, stake doubles to 16.32%
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Awaiting price reaction for this filing.
Sandeep Gupta, promoter of Asian Hotels (West), received 9,51,141 shares (around 8.16%) as a gift from his mother Vinita Gupta on September 9, 2026. His stake doubled from 8.16 percent to 16.32 percent, while Vinita Gupta's holding dropped from 9.88 percent to 1.72 percent. The transfer is between immediate relatives and exempt from open offer under SEBI Regulation 10(1)(a)(i). No cash was exchanged and total promoter group holding remains unchanged.
Internal promoter reshuffle via gift. No cash transaction, no change in total promoter holding, no open offer triggered. Neutral for minority shareholders.