Announced Fri, 6 Nov, 2026 · 18:30 IST
Promoter group member to receive 10.42% stake as a gift
AXITA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction
Awaiting price reaction for this filing.
AI summary
Gitaben Nitinbhai Patel proposes to acquire 39,870,411 shares, or 10.42% of Axita Cotton, as a gift from Kushal Nitinbhai Patel. Her stake would rise from 3.33% to 13.75%, while his would fall to zero. The transfer is exempt from making an open offer.
Likely market impact
No cash changes hands and the promoter group's total holding remains 41.91%, so voting power mainly shifts within the promoter family.