The Exchange has received the disclosure under Regulation 10(7) in respect of acquisition under Regulation 10(1)(a)(ii)of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
FINKURVE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mrs. Mohinidevi Kothari (promoter and mother of Mr. Ketan Kothari) acquired 2,79,19,893 equity shares (approximately 22% of the share capital) of Finkurve Financial Services Ltd from Mr. Ketan Kothari via a Gift Deed executed on March 27, 2025. As a result, Mohinidevi's stake rose from 7.17% to 29.17%, while Ketan Kothari's stake fell from 42.12% to 20.12%. The transaction qualifies as an inter-se transfer among promoters under Regulation 10(1)(a)(ii) of the SEBI Takeover Regulations, making it exempt from the open offer requirement. The combined promoter and promoter group holding remains unchanged at approximately 62.07% before and after the transfer.
This is an internal promoter family reshuffling with no change in total promoter shareholding and no cash transaction involved, so it is unlikely to have a meaningful impact on the stock price. It appears to be succession or estate planning, shifting voting power from son to mother within the promoter group.