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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Awaiting price reaction for this filing.
BirlaNu Limited (formerly HIL Ltd) has informed exchanges about a proposed internal reshuffling of shares within its promoter and promoter group. Four promoter group entities — Central India Industries (up to 4.40%), Ashok Investment Corporation (up to 0.66%), Shekhavati Investments & Traders (up to 4.40%), and Gwalior Finance Corporation (up to 2.68%) — will collectively acquire up to 9,06,360 equity shares (up to 12.02%) from Orient Paper and Industries Limited, another promoter group member. The transfer will happen in one or more tranches on or after 29 May 2025, at a price within the SEBI-prescribed range. Importantly, the total promoter group holding in BirlaNu remains unchanged at 40.57%, as this is purely a redistribution among existing promoter entities. The transaction qualifies for an exemption from open offer obligations under Regulation 10(1)(a)(i) of SEBI Takeover Regulations.
This is a neutral event for minority shareholders — there is no change in total promoter ownership or voting control, and no open offer is triggered. Shareholders may see some intra-promoter reshuffling post-May 29 but it should not affect the stock price materially.