The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bavel Singh & Others

Ownership Changes View source PDF Explain this filing

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+10.1%1-day move

₹37.70

prior close

₹39.35

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AI summary

IB Infotech Enterprises Ltd informed the BSE about an internal reshuffling of promoter family shares. Mr. Rajkumar Singh (transferor) sold 1,90,800 equity shares, representing 14.90% of the company's share capital, to his immediate relatives — Bavel Singh, Rita Singh, Shivani Singh, and Shivangi Singh — via open market at Rs. 366.09 and Rs. 364.09 per share on February 11, 2026. Post-transaction, Rita Singh individually crossed the 50% mark, moving from 45.39% to 50.07%, while Bavel Singh, Shivani Singh, and Shivangi Singh each saw their holdings rise to around 4.68–6.36%. The combined promoter group holding remains unchanged at about 65.85% of the company, as this is a transfer within the promoter family and no shares moved outside the group.

Likely market impact

This is a neutral event for shareholders — it is merely a reshuffle among promoter family members with no change in total promoter control or free float. No open offer is triggered, and the stock price is unlikely to be materially affected.