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 disclosed a proposed inter-se transfer of up to 9,06,360 equity shares (12.02% of equity capital) among promoter group entities under SEBI Regulation 10(1)(a). Orient Paper and Industries Limited (Seller) will transfer its entire 12.02% holding to four other promoter group companies: Central India Industries Ltd (up to 4.40%), Shekhavati Investments & Traders Ltd (up to 4.40%), Gwalior Finance Corporation Ltd (up to 2.68%), and Ashok Investment Corporation Ltd (up to 0.66%). The transfer is described as part of an internal restructuring exercise, with the price not exceeding 25% above the 60-day VWAMP of Rs 1,915. The total promoter group holding remains unchanged at 40.57% before and after the transaction.
This is a neutral, internal reshuffling within the promoter group — no change in overall promoter holding or voting rights, so no impact on minority shareholders or stock price is expected. No open offer is triggered under SEBI Takeover Regulations.