Fenton Investments 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.
ESTER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Fenton Investments Private Limited, part of the promoter group of Ester Industries, proposes to acquire 84,000 equity shares (0.08% of paid-up capital) from another promoter group member, Mr. Ayush Vardhan Singhania, via inter-se transfer. The transaction is exempt from an open offer under Regulation 10(1)(a)(ii) of SEBI Takeover Regulations. The price will be capped at the 60-day VWAP of Rs. 100.44 per share plus a maximum of 25%. After the transfer, Fenton's holding rises from 0.50% to 0.58%, while the seller's stake drops from 0.18% to 0.10%. The total promoter group holding remains almost unchanged at 62.61%, with no change in control.
This is a routine internal reshuffle within the promoter family and has no material impact on the stock price or overall promoter control. Shareholders should note that the promoter group remains firmly in control at over 62%, and no open offer is triggered.