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, ....
JTLIND · price
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On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250 and 0.2 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Pranav Singla, part of the promoter group and son of promoter Vijay Singla, will receive 87,93,428 equity shares (2.24% of the company) as a gift from his father. This is an inter-se transfer among immediate relatives under SEBI Takeover Regulations, so no consideration is involved and no open offer is triggered. After the transfer, Pranav Singla's holding rises from 1.37% to 3.61%, while Vijay Singla's holding drops from 2.24% to 0%. The total promoter and promoter group shareholding stays unchanged at 49.26% (19,36,37,836 shares), so this is purely an internal reshuffle within the promoter family.
This is a zero-cost internal reshuffle within the promoter family and has no impact on the company's total promoter holding or cash flows. Existing shareholders should note that promoter group holding remains just below the 50% mark at 49.26%, with no change expected from this transaction.