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, ....
CLEAN · price
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Awaiting price reaction for this filing.
Asha Ashok Boob, a promoter group member of Clean Science and Technology Ltd, has informed the stock exchanges about a proposed acquisition of 86,19,490 equity shares (8.11% of the company) by way of gift from two other promoter group members — Parth Ashok Maheshwari (28,09,745 shares, 2.64%) and Nidhi Mohunta (58,09,745 shares, 5.47%). The transaction is an inter-se transfer among promoter group members, exempt from open offer requirements under Regulation 10(1)(a)(i) and (ii) of SEBI (SAST) Regulations, 2011. No consideration is involved as it is a gift transfer, and the stated rationale is to streamline the family's assets and businesses. Asha Boob's holding will rise from 1.49% (15,78,902 shares) to 9.60% (1,01,98,392 shares), while the sellers' holdings will drop to 0.09% each. The total promoter and promoter group holding remains unchanged.
This is a neutral event for shareholders — it is a family-level reshuffle within the promoter group with no change in total promoter ownership or any cash outflow, so it should not materially affect the stock price or minority shareholders.