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, ....
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Awaiting price reaction for this filing.
Mrs. Jayanthi Radhakrishnan (daughter of Promoter Ms. Gomathi Radhakrishnan) is acquiring 4,08,794 shares (5.47% of share capital) of Chennai Meenakshi Multispeciality Hospital Ltd from her mother Ms. Gomathi by way of gift at NIL consideration. The transaction falls under Regulation 10(1)(a)(i) of SEBI (SAST) Regulations, which exempts inter-se transfers among immediate relatives from the open offer requirement. Post-transaction, Jayanthi's holding will rise from 20.12% (15,02,866 shares) to 25.60% (19,11,660 shares), while Gomathi's holding will drop from 5.47% to a negligible 0.0013% (100 shares). The total promoter group holding remains unchanged at approximately 25.60%, confirming this is a purely internal family reshuffle with no change in promoter control.
No impact on stock price or minority shareholders expected — this is a zero-cost internal transfer within the promoter family and is exempt from the mandatory open offer. The overall promoter ownership of the company stays the same.