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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Tapan Agarwal, a member of the promoter group, acquired 7,35,281 equity shares (7.206%) of Available Finance Ltd from Archana Coal Private Limited, another promoter entity. The transaction is an inter se transfer within the promoter and promoter group, executed at Rs. 130.41 per share. It qualifies for exemption from the open offer requirement under Regulation 10(1)(a)(iv) of the SEBI (SAST) Regulations, 2011. Total promoter group shareholding remains unchanged as both entities are part of the same promoter group.
This is an internal reshuffle within the promoter family and does not change the overall promoter shareholding or control of the company. Retail investors are unlikely to see any material impact on the stock price from this transfer.