The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Tapan Agarwal
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Mr. Tapan Agarwal, part of the Promoter Group of Available Finance Ltd, has acquired 7,35,281 equity shares (7.206% of the equity share capital) from Archana Coal Private Limited, another promoter of the company. The transaction took place on the BSE exchange and is an inter-se transfer within the Promoter and Promoter Group, meaning the total promoter holding in the company remains unchanged. The acquisition qualifies for exemption from the open offer requirement under Regulation 10(1)(a)(iv) of SEBI (SAST) Regulations, 2011. The pre-acquisition disclosures were made 4 working days prior to the acquisition date, in compliance with Regulation 10(5). The per-share price mentioned is Rs. 183.204 proposed, with Rs. 130.41 noted as actually acquired.
Since this is an internal reshuffling of shares among promoter group entities, there is no change in total promoter ownership or control of the company. Shareholders should not expect any impact on stock price or company operations, as it is purely a portfolio restructuring exercise within the promoter family.