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, ....
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Devinsu Trading Ltd's promoters are reshuffling their holdings within the promoter group. Sunshine Fibre Private Limited, a promoter-group entity, will acquire 91,493 shares (18.3% of share capital) from three individual promoters — Mrs. Laxmi Jain (30,493 shares), Mrs. Sushma Jain (30,500 shares), and Mr. Ankit Jain (30,500 shares). Each seller currently holds 6.10% and will move to zero after the transfer. The acquisition price is fixed at Rs. 339 per share, determined under Regulation 8(2)(e) because the stock is infrequently traded. Because this is an inter-se transfer among qualifying persons (promoters and their entities), it is exempt from the open offer requirement under Regulation 10(1)(a)(iii). Total promoter-group shareholding remains unchanged at 18.30% before and after the transaction.
This is purely an internal restructuring within the promoter family and does not change the total promoter ownership in the company, so it should have no meaningful impact on minority shareholders or the stock price. The transfer is exempt from a mandatory open offer, and no new external shareholder buying pressure is created.