Rohit Relan Family Trust 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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The Rohit Relan Family Trust plans to acquire 1,02,88,358 equity shares (16.38% of paid-up capital) of Bharat Seats Limited from six members of the Relan family — Rohit Relan, Ritu Relan, Rishabh Relan, Pranav Relan, and Ayush Relan — on or after September 26, 2025. The transfer is an inter-se family reorganization done as a gift, with no monetary consideration, and will be executed through gift deeds. SEBI had already granted an exemption from the open offer requirement on September 4, 2025, under Regulation 11(5) of the Takeover Regulations. After the transaction, the Trust will be classified as part of the promoter group, but the aggregate promoter group shareholding will remain essentially unchanged. There is no change in control of the company.
This is purely an internal family reshuffle, not a market deal, so it is unlikely to affect the stock price or minority shareholders. No cash is changing hands, and the Relan family's overall control of Bharat Seats stays the same — the shares are simply being consolidated under a family trust for estate planning purposes.