The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
BIRLANU · price
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Birlanu Limited has informed exchanges about a proposed inter-se transfer of up to 9,06,360 equity shares (up to 12.02% of share capital) among members of its promoter and promoter group. Four promoter group entities — Central India Industries Ltd, Ashok Investment Corporation Ltd, Shekhavati Investments & Traders Ltd, and Gwalior Finance Corporation Ltd — will collectively acquire these shares from Orient Paper and Industries Ltd, another promoter group entity. The transaction is part of an internal restructuring exercise, will happen in one or more tranches on or after 29 May 2025, at a price within the SEBI-prescribed range and not exceeding 25% above the 60-day VWAMP of ₹1,915.001. Post-transfer, Orient Paper's stake in Birlanu will reduce to 0%, while the total promoter group holding remains unchanged at 40.57%, merely reshuffled among members.
This is an internal reshuffle within the promoter group with no change in total promoter ownership (remains 40.57%, below 50%) and no open offer obligation. Shareholders should see no material impact on the stock, as it does not change the aggregate promoter control or bring in any new significant shareholder.