The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajendra Vadilal Gandhi
GRPLTD · price
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Promoter Rajendra Vadilal Gandhi disclosed an inter-se transfer of 1,88,756 equity shares (3.54% of paid-up capital) by way of gift without consideration within the promoter and promoter group entities. The transfer moved shares from one demat folio (IN301549-30021555) to another (IN301151-28038427), both linked to promoter group members. After the transaction, Rajendra Gandhi's individual holding remains unchanged at 11,80,400 shares, representing 22.13% of the company's voting capital. The total share capital of GRP Ltd stands at 53,33,332 equity shares. The disclosure was filed under Regulation 29(2) of the SEBI Takeover Regulations, 2011, with Persons Acting in Concert (PAC) including family members, HUFs, a trust, and Enarjee Consultancy and Trading Company LLP.
This is a purely internal reshuffle within the promoter family with no change in net promoter shareholding or economic interest in the company. Minority shareholders and the stock price are unlikely to be affected since the overall promoter group stake remains at 22.13%.