Inducto Steel promoter receives 3.82% shares via gift from immediate relative
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Promoter Mrs. Lalita Devi Reniwal will receive 1,53,375 equity shares (3.82%) of Inducto Steel by way of gift from her son Mr. Rajeev Reniwal, also a promoter. No consideration involved. Post-transaction, Lalita Devi's holding rises from 57.10% to 60.92%, while Rajeev's stake drops from 12.22% to 8.40%. The inter-se transfer between immediate relatives is exempt from open offer under Regulation 10(1)(a) of SEBI SAST Regulations.
Internal promoter reshuffle via gift, no change in total promoter holding, no cash impact, and exempt from open offer obligation.