Sundaram Trading And Investment Pvt Ltd has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
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BF Investment Limited has informed the exchanges about an inter-se transfer of 50,54,091 equity shares (13.42% of share capital) within its promoter group. KSL Holdings Pvt Ltd will sell the shares to two promoter group entities — Ajinkya Investment & Trading Company (25,54,091 shares) and Sundaram Trading and Investment Pvt Ltd (25,00,000 shares) — at Rs. 395 per share (±15%), with the transaction to happen on or after 24th March 2026. After the transfer, Ajinkya's stake rises from 27.32% to 34.10% and Sundaram's from 26.00% to 32.63%, while KSL Holdings exits its 13.42% holding. The total promoter and promoter group shareholding remains unchanged at 74.13%, as this is an internal reshuffle within the promoter group exempt from open offer requirements under Regulation 10(1)(a)(ii).
No change in overall promoter group control or shareholding percentage, so there is no impact on minority shareholders or stock price from a control standpoint. The transaction is an internal promoter group reorganization that does not trigger an open offer.