The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Gaurav Gupta
BELLACASA · price
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Awaiting price reaction for this filing.
Gaurav Gupta, Whole-Time Director and member of the promoter group of Bella Casa Fashion & Retail Ltd, has filed a disclosure under SEBI's Takeover Regulations regarding the transmission of 8,99,492 equity shares (6.72% of the company's paid-up capital) from his late mother Mrs. Sunita Gupta to his name as nominee. As a result, his individual holding in the company has risen from 10,57,000 shares (7.90%) to 19,56,492 shares (14.61%). The disclosure explicitly clarifies that the total combined holding of the promoter and promoter group remains the same before and after the transmission, since the shares simply moved within the family. This is an involuntary, non-commercial transfer due to the unfortunate demise of a promoter and does not constitute a negotiated or market purchase.
There is no real change in ownership or voting control of the company — the combined promoter group stake is unchanged, so minority shareholders are not affected. The stock price is unlikely to be impacted as this is a routine regulatory filing for an internal family transmission, not a fresh acquisition of shares from the market.