Yuv Bharat Ram 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.
DCM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
DCM Limited promoters Yuv Bharat Ram and Rahil Bharat Ram (brothers) are each acquiring 6,30,000 shares (totalling 12,60,000 shares or ~6.74% of share capital) from their father and company director Sumant Bharat Ram. The transfer is by way of gift with no monetary consideration. Post-transfer, each son's stake rises from 10.03% to 13.40%, while the father's stake reduces from 28.95% to 22.20%. The transaction qualifies for exemption from open offer requirements as it is an inter-se transfer between qualifying persons under SEBI regulations.
This is an internal family restructuring of promoter holdings with no change in total promoter stake (remains ~49%) and no impact on other shareholders. The stock is unlikely to see any price movement from this disclosure alone.