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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Aapex Power and Industries Private Limited, a promoter entity of Dynavision Ltd, has informed the company about a proposed inter-se transfer of up to 44,500 equity shares (approximately 1.15% of paid-up capital) from Mr. P. Vijaykumar Reddy. The acquisition will happen at market price, anytime after 4 working days from the intimation date. Since this is only 1.15% of shareholding and falls under the exemption under Regulation 10(1)(a)(ii), no open offer obligation is triggered under Regulations 3 and 4 of SEBI (SAST) Regulations. Importantly, the total promoter and promoter group shareholding will remain unchanged before and after this transfer.
This is a routine reshuffling of shares within the existing promoter group and does not change the total promoter ownership in the company. Shareholders should see no material impact on stock price or control structure as it is essentially a transfer of shares between promoter-related entities at market price.