Announced Mon, 22 Jun · 16:21 IST
Promoter family inter-se gift transfer of 62.51 percent stake
Ownership Changes View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Five sisters of promoter V R Venkataachalam will receive 16,74,854 shares (62.51 percent of paid-up capital) of Binny Mills through an off-market gift transfer on or after 26 June 2026. The sisters are T Amudha, Padma, Dr. Andal Arumugam, S Arundathi, and Radha. No consideration is involved. Exempt from open offer under Reg 10(1)(a). Total promoter group holding remains unchanged. Rationale is family succession planning.
Likely market impact
Internal promoter family reshuffle via gift. No open offer triggered. Total promoter holding unchanged. Neutral for minority shareholders.