Announced Mon, 22 Jun · 14:38 IST
Binny Mills: Promoter gifts 2.89% stake to family member
Price
▲ 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
—1-day move
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prior close
₹351.50
base price
In-mkt
timing
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AI summary
Promoter VR Venkataachalam to acquire 74,600 equity shares (2.89%) from V Sengutuvan (his son) by way of off-market gift on or after 26 June 2026. This is an inter-se transfer among promoters and immediate relatives, exempt from open offer under Reg 10(1)(a). Aggregate promoter group holding remains unchanged. VR Venkataachalam's individual stake rises from 59.62% to 62.51%.
Likely market impact
No change in total promoter group holding. Individual promoter stake crosses 60%, but exempt as family gift, no open offer triggered.