The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajinder Singh Chadha
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Mr. Rajinder Singh Chadha, a promoter of Chadha Papers Ltd, acquired 13,88,590 equity shares (13.61% of paid-up capital) from Mrs. Jatinder Kaur Chadha, also a promoter, by way of a gift (off-market, inter-se transfer between immediate relatives). No consideration was paid as the transfer was made out of natural love and affection, under Regulation 10(1)(a)(i) of SEBI (SAST) Regulations, 2011 exemption. Post-transfer, Mr. Rajinder Singh Chadha's holding rose from 32.06% to 45.67%, while Mrs. Jatinder Kaur Chadha's holding dropped from 13.61% to nil.
Total promoter shareholding in the company remains largely unchanged as the transfer is within the promoter family, so there is no dilution for other shareholders. However, individual promoter stake of the acquirer is now 45.67%, below the 50% mark, which could matter for voting power and any future control-related triggers.