Disclosure Under Regulation 10(5) of SEBI (Substantial Acquistion of Shares and Takeovers) Regulations, 2011
Awaiting price reaction for this filing.
Aparna T.C., a promoter of Edelweiss Financial Services Limited, proposes to acquire 1,17,90,000 equity shares (1.25% of paid-up capital) from her daughter Kaavya Venkat Arakoni through an off-market inter-se gift transfer. No price is involved since the transfer is by way of gift. After the transaction, Aparna T.C.'s holding will rise from 1.29% (1,22,10,000 shares) to 2.54% (2,40,00,000 shares), while Kaavya's holding will drop to zero. The proposed acquisition date is June 27–30, 2025, and it qualifies for exemption from open offer requirements under Regulation 10(1)(a)(i) of SEBI (SAST) Regulations as an inter-se transfer within the promoter group.
This is a reshuffling of shares within the promoter family and does not change the total promoter group stake in the company. There is no impact on retail shareholders or the stock price as no new money changes hands and no open offer is triggered.