EDELWEISS: Edelweiss Financial Services Limited has informed the Exchange regarding 'Disclosure Under Regulation 10(5) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011'.
EDELWEISS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Edelweiss Financial Services informed the exchanges about a proposed off-market inter-se transfer within the promoter group. Promoter Aparna T.C. will receive 1,17,90,000 equity shares (1.25% of paid-up capital) as a gift from her daughter Kaavya Venkat Arakoni, who is also part of the promoter group. After the transfer, Aparna T.C.'s holding will rise from 1.29% to 2.54%, while Kaavya's holding will drop from 1.25% to 0%. The total promoter group holding remains unchanged at 2.54%. The transaction is expected between June 27 and June 30, 2025, and is exempt from open offer requirements under Regulation 10(1)(a)(i) of SEBI (SAST) Regulations. No price is involved since the shares are being transferred as a gift.
This is an internal family reshuffle within the promoter group with no change in overall promoter shareholding, so there is no material impact on the stock or minority shareholders. It signals consolidation of promoter holdings under a single family member but does not alter control or voting power at the group level.