Promoter group inter-se transfer of 6.96% shares on HUF dissolution

BENGALASM · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+3.1%1-day move

₹6212.00

prior close

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base price

After-mkt

timing

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————+3.1+3.0+2.1+1.4+1.6+1.4+1.4-0.2——

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AI summary

Bengal and Assam Company Ltd. 7,93,332 shares equal to 6.96% of capital were redistributed among promoter group members after the dissolution of Shripati Singhania HUF. The shares were moved off-market without any payment in three equal lots of 2,64,444 shares to Vinita Singhania, Anshuman Singhania, and Shrivats Singhania, all already in the promoter group. Anshuman Singhania was the HUF Karta. Total promoter stake in the company stays the same. Exempt from open offer under Regulation 10(1)(a)(i).

Likely market impact

Neutral for shareholders. Internal promoter family reshuffle due to HUF winding up. Total promoter holding and company value unchanged. No open offer required.