Announced Fri, 28 Aug · 10:26 IST
Promoter son to acquire 8.16% stake via gift from mother
AHLWEST · 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
+8.3%1-day move
₹508.00
prior close
—
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+8.3+3.5+5.1+0.7+4.5+2.4+7.3———
Up moveDown movePending
AI summary
Mr. Sandeep Gupta, a promoter group member, will receive 9,51,141 shares (about 8.16%) of Asian Hotels (West) from his mother Mrs. Vinita Gupta as a gift with no cash consideration. After the transfer, Sandeep will hold 16.32% while Vinita will be left with 1.72%. Both belong to the promoter group. The deal uses the SAST exemption for inter-se transfers among immediate relatives, so no open offer is triggered.
Likely market impact
Internal promoter family reshuffle by way of gift, no cash involved. Total promoter stake unchanged, no impact on minority shareholders.