Intimation Under Regulation 10(5) of the SEBI Takeover Regulations

Promoter bought stakeOwnership Changes View source PDF Explain this filing

ESSARSHPNG · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+5.0%Reaction day

₹26.22

prior close

₹26.30

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.7%+5.8% vs market

Shipping peers, median of 8sector+2.3%+2.7% vs sector

On the reaction day the stock moved 5.8 pts more than Nifty Microcap 250 and 2.7 pts more than its Shipping peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.5

10m

+2.6

15m

+3.4

30m

+3.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+5.0-0.7+5.8+2.3+2.7

Next day

+1.8-1.0+2.8+1.1+0.7

+7.7-1.4+9.1-0.9+8.7

+13.1-2.4+15.5+0.4+12.7

+7.4-4.5+11.9-1.4+8.8

+2.1-5.3+7.4-2.9+4.9

+2.8-4.3+7.1-1.8+4.6

15d

+13.7-4.6+18.3-3.8+17.4

+15.1-2.2+17.3-4.9+20.1

+10.0-5.6+15.6+1.9+8.1

+6.0-6.6+12.7+3.4+2.6

UpDownMarket · Nifty Microcap 250Sector · Shipping peers, median of 8Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Essar Shipping Mauritius Holdings Limited, part of the promoter group of Essar Shipping Limited, has informed stock exchanges about acquiring 2,14,06,365 equity shares (10.34% of share capital) from IDH International Drilling Holdco Limited, another promoter group entity, via an inter-se transfer at Rs. 25.91 per share. As a result, the acquirer's stake will rise from 60.09% to 70.43%, while the seller will exit with 0% holding. The transaction is exempt from making an open offer under Regulation 10(1)(a)(ii) of SEBI Takeover Regulations since both parties are qualifying persons within the same promoter group. The overall promoter group shareholding remains unchanged at 70.43% as it is purely an internal restructuring.

Likely market impact

Since this is merely a reshuffling of shares within the promoter group, there is no change in total promoter ownership and no open offer is triggered. Retail shareholders should not expect any direct impact on stock price or company operations from this transaction.