Promoter group inter-se share transfer by way of gift, 14.32% stake

IWP · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-2.6%1-day move

₹34.88

prior close

₹33.06

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.0+0.2+2.5+1.9-2.6-5.2-4.4-4.2-4.2-5.4-3.9-4.0——

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AI summary

Mr. Bharat Mohta, a promoter, will receive 91,60,200 equity shares (14.32% of paid-up capital) from Mrs. Savita Mohta as a gift, an off-market inter-se transfer within the promoter group. No consideration is involved. Bharat Mohta's stake rises from 11.94% to 26.26%, while Savita Mohta's holding goes to zero. The aggregate promoter group holding remains unchanged before and after the deal. The transfer is exempt from open offer under SEBI SAST Regulation 10(1)(a)(ii) as it is between immediate relatives in the promoter group.

Likely market impact

Internal promoter family reshuffle with no change in aggregate promoter holding. No open offer triggered. Neutral for minority shareholders.