Promoter Jayen Shah acquires 1 percent shares from HUF via partition, no cash consideration
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On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and 0.1 pts less than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter Jayen Ramesh Shah will acquire 3,06,978 shares (1 percent of capital) from Jayen R Shah HUF through an off-market inter-se transfer pursuant to partition of the HUF. No cash consideration involved. His individual stake rises from 16.04 percent to 17.04 percent. Total promoter and promoter group holding remains unchanged at 75 percent. The deal is exempted from open offer under Regulation 10(1)(a).
Internal promoter reshuffle via HUF partition. Aggregate promoter holding stays at 75 percent. No open offer triggered. Neutral for outside shareholders.