Harsh Investments Private Limited has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
CHEVIOT · price
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Harsh Investments Private Limited, part of the promoter group of Cheviot Company, has filed a disclosure with the exchange under Regulation 10(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Regulation 10(5) is typically used when shares are transferred between entities within the same promoter group (an inter se transfer). The overall promoter shareholding in Cheviot does not change due to such transfers — only the shareholding within the promoter group gets reshuffled. Specific details of the transaction (number of shares, whether a buy or sell, the other promoter entity involved) are not provided in the headline and would need to be checked in the attached disclosure document.
This is a routine internal reshuffle within the promoter group and is unlikely to affect the total promoter stake in Cheviot or have a material impact on the stock price. Shareholders may review the attached disclosure for specifics on which promoter entity sold and which bought.