Announced Wed, 24 Jun · 18:58 IST
Promoters gifting 62.89 percent stake to son via off-market transfer
Price
▲ 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
-1.1%1-day move
₹79.00
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-1.1-1.1+3.2+0.0+1.3-0.4+0.0-3.1——
Up moveDown movePending
AI summary
Promoters Premratan Damani and Bimladevi Damani are gifting their entire 43,93,960 equity shares (62.89 percent of total share capital) to their son Rajesh Damani through an off-market transfer with no consideration. Rajesh currently holds nil shares and will hold 62.89 percent after the gift. The transfer is exempt from open offer under SEBI SAST Regulation 10(1)(a)(i) as it is between promoter and immediate relative.
Likely market impact
Ownership consolidates within the Damani family via a no-cost gift. Current promoters will move to zero holding; son becomes the largest shareholder.