Diwakar Finvest Private Limited 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.
EMAMIPAP · price
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Awaiting price reaction for this filing.
Diwakar Finvest Private Limited, part of the promoter group of Emami Paper Mills, has filed a disclosure regarding a proposed inter-se transfer of shares among promoter and promoter group entities. The transfer involves a mix of off-market gifts (without consideration) and small open-market transactions at the prevailing market price of around Rs. 101.80 per share, collectively representing about 1.81% of the company's share capital. The proposed execution date is on or after 29th August 2025. Crucially, the aggregate promoter and promoter group shareholding will remain unchanged at 74.97% before and after the transfer. The transferors include Santosh Goenka, the Agarwal brothers, Radhe Shyam Goenka, Sushil Kumar Goenka, and Suraj Finvest Pvt Ltd, while the acquirers include Diwakar Finvest, individual Goenka and Agarwal family members.
This is a routine internal reshuffling of shares within the promoter family and has no impact on total promoter ownership or the company's public float. Shareholders are unlikely to see any meaningful effect on the stock price as the overall promoter holding stays steady at 74.97%.