Aparna T.C. 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.
EDELWEISS · price
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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, who is part of the promoter group. The transfer is by way of gift (no price), scheduled between June 27 and June 30, 2025. After the transfer, Aparna T.C.'s holding rises from 1.29% (1,22,10,000 shares) to 2.54% (2,40,00,000 shares), while Kaavya's holding drops to zero. The total promoter group shareholding remains unchanged at 2.54%, as this is an internal reshuffle exempt from open-offer requirements under Regulation 10(1)(a)(i) of SEBI (SAST) Regulations.
This is a neutral internal reshuffling within the promoter family with no change in total promoter ownership, so it should have no material impact on the stock price or minority shareholders.