BF Investment Limited has informed the Exchange about Disclosure Of Inter-Se-Transfer Of Shares Amongst The Promoters Under Regulation 10(5) Of SEBI (SAST) Regulations, 2011 received from members of promoters group
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BF Investment Limited has informed exchanges about a proposed internal reshuffling of shares within its promoter group. Ajinkya Investment & Trading Company and Sundaram Trading and Investment Private Limited (both promoter group members) will together acquire 50,54,091 equity shares (13.42% of share capital) from KSL Holdings Pvt Ltd, also a promoter group entity. The transfer is priced at Rs. 395 per share (with a ±15% range), and the 60-day volume weighted average price is Rs. 395.55. Post-transfer, Ajinkya's stake will rise from 27.32% to 34.10% and Sundaram's from 26.00% to 32.63%, while KSL Holdings will exit to 0%. The total promoter and promoter group shareholding remains unchanged at 74.13% (2,79,22,726 shares). The transaction is expected to be completed on or after March 24, 2026.
This is purely an internal reshuffling within the promoter group with no change in total promoter ownership, so it should have no material impact on the stock price or minority shareholders. The exemption from making an open offer applies under Regulation 10(1)(a)(ii) since the transfer is between promoter group entities.