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, ....
IFGLEXPOR · price
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Bajoria Financial Services Pvt Ltd, part of the promoter group, is acquiring 4,37,490 equity shares (0.61% of share capital) from another promoter, Mr Mihir Prakash Bajoria, at Rs. 212 per share. The transaction is an inter-se transfer within the promoter group and is exempt from the open-offer requirement under Regulation 10(1)(a)(ii), with the acquisition scheduled for on or after December 3, 2025. As a result, Bajoria Financial Services' stake rises from 66.72% to 67.33%, while Mr Mihir Prakash Bajoria completely exits his 0.61% holding. The total promoter group holding remains unchanged at 72.43%, confirming this is an internal reshuffle rather than a change in promoter control. The transaction price of Rs. 212 is below the 60-day volume-weighted average market price of Rs. 293.88.
This is a routine internal rebalancing within the promoter family — overall promoter control stays at 72.43% and no open offer is triggered, so there is no material impact on minority shareholders. The deal price being below the 60-day VWAMP is notable but typical for intra-family transfers, with no clear trading signal for retail investors.