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, ....
FINKURVE · price
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Awaiting price reaction for this filing.
Mohinidevi Kothari, a promoter and sister of fellow promoter group member Sohini Harakhchand Vardhan, will receive 34,77,500 equity shares (2.48% of share capital) of Finkurve Financial Services Ltd as a gift. This is an inter-se transfer among promoters qualifying for exemption under Regulation 10(1)(a)(i) and 10(1)(a)(ii), so no open offer is required. After the transfer, Mohinidevi's holding rises from 26.44% to 28.92%, while Sohini Vardhan's holding drops from 2.48% to nil. The total promoter and promoter group shareholding remains unchanged at approximately 56.25%, as this is purely a reshuffle within the promoter family.
Neutral event for shareholders — no cash transaction, no change in total promoter control, and no impact on stock price expected. It is simply a reorganisation of shares within the promoter family.