The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jayanthi Radhakrishnan
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On the reaction day the stock moved 3.3 pts less than Nifty Microcap 250 and 2.0 pts less than its Healthcare Service Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Jayanthi Radhakrishnan, part of the promoter group of Chennai Meenakshi Multispeciality Hospital, acquired 4,08,794 equity shares (5.47% of share capital) from her mother Mrs. Gomathi Radhakrishnan by way of a gift (inter-se family transfer). As a result, Jayanthi's individual holding rose from 20.12% to 25.59%, while her mother's holding dropped from 5.47% to a negligible 0.0013%. No consideration was paid as the shares were gifted. The consolidated promoter and promoter group shareholding remains unchanged at 35.66% both before and after the transfer. The filing was made under Regulation 10(6) read with Regulation 10(1)(a) of SEBI SAST Regulations, which exempts inter-se transfers among immediate relatives from open offer requirements.
This is a benign internal family arrangement with no impact on total promoter control or public shareholding. No open offer trigger, no cash outflow, and no change in promoter group voting power – effectively a reshuffle within the same family block.