The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Gordhan P Tanwani & Others
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.5 pts more than Nifty Microcap 250 and 5.9 pts more than its Film Production, Distribution & Exhibition peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Rahul G. Tanwani has transferred 1,26,00,000 equity shares (24% of total share capital) of Baba Arts Ltd to his father Gordhan P. Tanwani by way of a gift in an off-market inter-se transfer. As a result, Gordhan P. Tanwani's holding increased from 2,66,00,000 shares (50.67%) to 3,92,00,000 shares (74.67%), while Rahul G. Tanwani's holding dropped from 24% to nil. The combined promoter group holding remains unchanged at 74.69% of the company's equity, since both transferor and transferee belong to the promoter group. The total share capital of the company is 5,25,00,000 equity shares. This is essentially a family reshuffle within the promoter group with no change in overall promoter control.
No impact on overall promoter control or public shareholders — the total promoter stake stays at 74.69%. The transfer consolidates shares in the senior family member's name, which is a routine internal family arrangement and unlikely to affect the stock price.