Promoter group entity to receive 9.50% stake via gift transfer
CLEAN · price
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AAB Business Trust, a promoter group member of Clean Science and Technology, will receive 1,01,00,000 equity shares (9.50%) from Mrs. Asha Ashok Boob by way of gift. The transfer is an inter-se move within the promoter group with no consideration involved. After the transfer, AAB Business Trust will hold 9.50% while Asha Boob retains 0.09%. Total promoter group holding remains unchanged. Purpose cited is streamlining family assets and businesses. Transaction is exempt from open offer under Regulation 10(1)(a)(ii).
No change in total promoter stake; no open offer triggered. Internal promoter group restructuring with no dilution or price impact.