The Exchange has received the disclosure under Regulation 10(7) in respect of acquisition under Regulation 10(1)(a)(ii)of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
BFINVEST · price
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BF Investment Limited reported an inter-se transfer of shares within its promoter group on March 24, 2026. KSL Holdings Private Limited (promoter) sold its entire 50,54,091 shares (13.42% of equity capital) to two other promoter group entities — Ajinkya Investment & Trading Company (received 25,54,091 shares) and Sundaram Trading & Investment Private Limited (received 25,00,000 shares) — at approximately Rs. 358.20 per share. After the transfer, KSL Holdings' holding in BF Investment drops to 0%, while Ajinkya's stake rises to 34.10% and Sundaram's to 32.63%. The aggregate promoter and promoter group shareholding remains unchanged at 27,922,726 shares (74.13%), confirming this is purely a reshuffling of holdings within the same promoter group. The transaction is exempt from an open offer under Regulation 10(1)(a)(ii) since both buyer and seller are named promoters, the price is within 25% of the 60-day VWAP of Rs. 395.55, and disclosures were filed on time. SEBI fees of Rs. 1,77,000 (including GST) have been paid.
This is an internal reshuffling among promoter group entities with no change in total promoter ownership (steady at 74.13%), so there is no impact on overall control or no trigger for an open offer. Shareholders should note that ownership within the promoter group is now more concentrated in Ajinkya Investment and Sundaram Trading, while KSL Holdings has exited. Stock price impact is expected to be minimal as this is a related-party transfer rather than a change in promoter shareholding.