Ester Industries Limited has informed the Exchange regarding 'Intimation under Regulation 10(1)(a) of SEBI (SAST) Regulations, 2011'.
ESTER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ester Industries Limited has informed the exchange about proposed inter-se transfers within the promoter group under SEBI (SAST) Regulations, 2011. Mr. Ayush Vardhan Singhania will acquire 881,143 equity shares (0.90% of share capital) by way of gift from his father Arvind Singhania (756,285 shares, 0.77%) and brother Jai Vardhan Singhania (124,858 shares, 0.13%). Separately, Fenton Investments Private Limited (also part of the promoter group) will acquire 84,000 shares (0.08%) from Mr. Ayush Vardhan Singhania at a price not exceeding the limits under Regulation 10(1)(a). All transfers are between promoter group entities, so no open offer obligation is triggered. Total promoter group shareholding remains unchanged at 62.71% before and after the transactions.
This is a routine internal reshuffling of holdings within the promoter group and will not change the overall promoter shareholding (stays at 62.71%). As the transfers are mostly gifts within the family, there is no material impact on the stock price. Shareholders should note that the largest promoter entity, Wilemina Finance Corporation, continues to hold 50.54% of the company.