The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Amit Rai & Other
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Mr. Amit Rai has acquired 1,00,00,000 equity shares (67.02% of the company) of Espire Hospitality Limited through transmission (inheritance) from his late mother, Mrs. Sadhana Rai, who passed away. Before this transmission, Amit Rai held 3,33,333 shares (2.23%) while his mother held 1,00,00,000 shares (67.02%), bringing the family holding to 69.25%. After the transmission, Amit Rai personally holds 1,03,33,333 shares (69.25%), and the PAC (his late mother) now holds zero shares. The total promoter group holding remains unchanged at 69.25% — only the individual within the promoter group holding these shares has changed.
This is an internal family transmission due to the demise of the promoter's mother and does not change the overall promoter group's control or shareholding in the company. There is no impact on the stock price or minority shareholders since total promoter ownership stays at 69.25%.