Announced Thu, 8 May · 19:13 IST

Report under Regulation 10(5) of SEBI(SAST) Regulation, 2011 received from Promoter Company.

Promoter Stake BuyOwnership Changes View source PDF

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AI summary

CIAN Agro Industries has informed the BSE that promoter entity Chaitanya Constructions & Builders Pvt Ltd is acquiring 1,65,66,821 equity shares (about 59.20% of share capital) from four other promoter entities — Avinash Fuels, Purti Marketing, Greenedge Constructions, and Purti Contract Farming — pursuant to a scheme of amalgamation approved by NCLT Mumbai on 7 May 2025. As a result, Chaitanya Constructions' holding will rise from 21,50,000 shares (7.68%) to 1,87,16,821 shares (66.88%) of CIAN Agro, while the four transferor entities will exit completely. Acquisition prices vary widely between Rs 0.22 and Rs 39.93 per share across the transferors, while the 60-day VWAP is Rs 390.91. Since this is an inter-se transfer among qualifying promoters, the transaction is exempt from the open offer requirement under Regulation 10(1)(a)(ii).

Likely market impact

Total promoter ownership in CIAN Agro remains unchanged but gets consolidated under one promoter entity (Chaitanya Constructions), now holding about 66.88% — no impact on minority shareholders or share price is expected as this is an internal promoter restructuring.