The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
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Fenton Investments Private Limited, part of the Promoter Group of Ester Industries Ltd, has informed the exchanges about a proposed inter-se transfer of 84,000 equity shares (0.08% of paid-up capital) from Mr. Ayush Vardhan Singhania, who is also part of the Promoter Group. After this transfer, Fenton's holding will rise from 0.50% to 0.58%, while Mr. Singhania's holding will drop from 0.18% to 0.10%. The total Promoter Group shareholding remains unchanged at 62.71% both before and after the transaction. The acquisition is being done under Regulation 10(1)(a)(ii) of SEBI Takeover Regulations, which exempts inter-se promoter transfers from open offer obligations, with the price capped at 25% above the 60-day VWAMP of Rs. 100.44 per share on NSE.
This is a routine internal reshuffle within the Promoter Group and does not change the overall promoter shareholding or any voting control. Shareholders should see no material impact on stock price or promoter control — it is essentially moving shares from one promoter family member's entity to another.