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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IB Infotech Enterprises has informed the exchange about a proposed inter-se transfer of 14.90% equity shares from promoter Mr. Rajkumar Singh to his immediate relatives, exempt from open offer under SEBI Regulation 10(1)(a)(i). The shares will be acquired by Bavel Singh (50,400 shares), Rita Singh (60,000 shares), Shivani Singh (40,274 shares), and Shivangi Singh (40,200 shares) at a floor price of Rs. 404.02 per share determined by an IBBI registered valuer. After the transfer, promoter Rajkumar Singh's stake will drop from 14.95% to just 0.05%, while the aggregate promoter group holding will rise from 50.90% to 65.80%, with Rita Singh crossing the 50% mark individually at 50.07%.
No open offer obligation since this is an internal promoter family reshuffle under SEBI exemption, so minority shareholders see no change in control or cash exit opportunity. The transfer price of Rs. 404.02 is derived from market-based valuation and acts as a reference benchmark for the stock, while promoter group's increased consolidation may signal long-term family commitment.