The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Priya S Gupta & PACs
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Priya S. Gupta, part of the promoter group of India Steel Works Limited, acquired 150 equity shares (27.27%) of Yeotmal Land Development & Trading Co Pvt Ltd from her sister-in-law Anita A. Gupta through an off-market inter-se transfer on 6th June 2025. Yeotmal Land Development holds a 10.97% stake in India Steel Works Limited. As a result, Priya S. Gupta's indirect voting rights in India Steel Works Limited increased from 1.89% to 2.99%, a rise of about 1.10%. The direct shareholding of the acquirer and all PACs in India Steel Works Limited remained unchanged, with the total promoter group holding steady at 36.83% (14,66,17,848 shares). This is essentially an internal reshuffle within the promoter family, with the underlying listed company holding not changing materially.
For retail shareholders, this is a family-level internal transfer among promoters and does not change the total promoter holding in India Steel Works Limited. The move slightly consolidates Priya S. Gupta's indirect stake, bringing her closer to the 5% SAST disclosure threshold in terms of indirect voting rights, which could trigger further disclosures if more such acquisitions occur.